NZD/USD was also boosted by the U.S./China.....>

KIWI: NZD/USD was also boosted by the U.S./China trade & NAFTA headlines,

registering a high of $0.6566 in early Asia-Pacific dealing, last $0.6560.

- Support is noted at the YTD low ($0.6501), intertwined with touted option

linked support at $0.6500. A break here is likely to accelerate the move to

$0.6462 (February 02 2016 low), ahead of the 2016 lows ($0.6348). Resistance is

located around $0.6640.

- Fonterra announced a total cash pay-out for the 2017/18 season of NZ$6.79 per

kgMS, and left its FY18/19 Farmgate Milk Price forecast unch. At NZ$6.75.

- REINZ home sales rose 3.1% Y/Y in August, with the house price index up 4.1%

over the same period.

- The NZ docket is somewhat limited for the remainder of the week so the pair is

likely to trade off of global risk perceptions & the direction of the AUD/NZD

cross.