The New Zealand dollar traded around $0.585 after two consecutive sessions of modest losses, as markets reassessed the interest-rate outlook from the Reserve Bank of New Zealand. The kiwi remained pressured by the RBNZ’s dovish rate hike last week and recent comments from policymakers have also pointed to a more cautious approach to further tightening, with some appearing increasingly concerned about economic growth. Markets now imply around an 80% chance of the central bank leaving rates unchanged in October, while a December increase remains largely priced in. The kiwi dollar also struggled at a 13-year low against the Australian dollar, amid diverging monetary-policy paths between the neighboring nations, though both currencies received some support from a weaker US dollar.