Kiwi falls ahead of New Zealand rate decision

The New Zealand dollar fell against greenback today, to deepen its losses ahead of the central bank interest rate decision on Wednesday.

The Reserve Bank of New Zealand will unveil its interest rate decision tomorrow, with forecasts for a cut by a quarter of a basis point to 0.75% from 1.00%, and the bank's governor will hold a press conference after the decision about monetary policy.

New Zealand economy released today the inflation expectations index q/q, at 1.80% in October vs. 1.86% in the previous reading.

The New Zealand dollar fell under pressure from the trade concerns after US President Donald Trump said that his administration hasn't agree on a rollback of the Chinese tariffs.

Trump will deliver brief remarks on the trade talks file with the Chinese side later today at the Economic Club in New York.

NZD/USD fell by 0.4% to 0.6335 as of 16:39 GMT, with an intraday high of 0.6369 and a low of 0.6324.