NZD/USD traded sharply lower, printing a low...>

KIWI: NZD/USD traded sharply lower, printing a low of $0.6653 in the wake of a

fall in NZ ANZ consumer confidence, as the metric hit a fresh 10-Year low.

- ANZ noted that "this month we take a closer look at the implications of weak

investment and employment intentions, and conclude the threat to near-term

activity is real." As a reminder last week saw RBNZ Gov. Orr reiterate that the

biggest risk to the NZ econ comes in the form of business investment, so the

pullback here, and continuing soft trend in the survey since the current gov't

took power is receiving a heightened degree of attention.

- The rate breached the 27 Aug low ($0.6670), with bears now eyeing the 24 Aug

low ($0.6620) last $0.6655.

- There is a limited NZ docket apparent over the next week.