NZD Sinks to Two-Month Low Amid Fed Hike Bets

The New Zealand Dollar has fallen to its lowest level since mid-July, as the US Dollar strengthens on bets of a Federal Reserve rate hike.

The NZD/USD pair is trading at around 0.5780, down about 0.6% from the previous day's high, with investors positioning for a potential rate increase in the United States.

China's release of August Industrial Production and Retail Sales data later today could provide some relief for the Kiwi if it shows an improvement in these key sectors.