NZD/USD was also pressured by the broader......>

KIWI: NZD/USD was also pressured by the broader risk averse theme on Tuesday, as

well as spill over from pressure on the AUD post-RBA, although the NZD did

outperform its Antipodean counterpart on the day. NZD/USD last ~$0.6590.

- That came after the NZD felt some early pressure via the soft NZIER quarterly

business opinion survey. The survey revealed the lowest headline reading since

March of 2009. The survey also noted that "a net 0.4 percent of firms reported

higher demand over the September quarter - the lowest level since September

2012."

- The latest GDT dairy auction saw the price of the headline index decline by

1.9%, as WMP prices fell by 1.2%.

- The rate has failed to breach support at the 19 September low ($0.6573) thus

far, after a couple of looks at the level Tuesday. Initial resistance is noted

at Friday's high ($0.6640).

- NZ QV house price data provides the most notable point of interest for

participants during the remainder of the week, after a couple of lower tier data

releases provided little interest early today.