The New Zealand dollar has slipped since Friday and is expected to fall further after a report that the US central bank will start winding down its programme of quantitative easing.
The currency fell 1 cent overnight on Friday to a two-month low of 82.6 US cents. By midday on Monday it was trading at about US82.7 cents.
Westpac market strategist Imre Speizer says the kiwi is under further pressure after a rumoured report about the Federal Reserve's plan was published.
Mr Speizer says the Federal Reserve is not expected to announce plans to wind down its quantitative easing programme until September at the earliest, when it has further evidence that the US economy has improved.
He says the kiwi dollar could break below US82 cents in the next few months.
