The New Zealand dollar fell to $0.574, its lowest level in more than two months, as traders prepared for a widely anticipated Federal Reserve rate hike that supported the US dollar. Markets will scrutinize the Fed’s updated dot plot and economic projections for indications of future rate moves. New Zealand’s domestic outlook is also under pressure: electronic card spending fell 0.9% from July in August as high petrol prices and borrowing costs weighed on consumers. Investors are awaiting second-quarter GDP data on Thursday, with economists expecting only modest growth from the previous quarter. Market pricing implies another Reserve Bank of New Zealand rate hike at its October meeting, despite policymakers signaling a slower pace of increases. Separately, RBNZ Assistant Governor Karen Silk has resigned after more than four years at the bank and will attend two further Monetary Policy Committee meetings before leaving in mid-December.