• NZD/USD drifts higher to around 0.6090 in Thursday’s early Asian session. 
• Fed officials at their September meeting agreed to cut interest rates but were unsure how aggressive to get.
• The dovish outlook of the RBNZ weighs on the Kiwi. 

The NZD/USD pair attracts some buyers to near 0.6090 amid the consolidation of the Greenback during the early European session on Thursday. The upside of the pair might be limited as traders might turn cautious ahead of the US Consumer Price Index (CPI) inflation data, weekly Initial Jobless Claims and Fedspeak later on Thursday.

The Minutes from September 17-18 showed a "substantial majority" of the Federal Reserve (Fed) officials support a period of looser monetary policy with a significant half-point rate cut. However, there was even a broader consensus that this initial step would not lock the US central bank into any specific pace for future rate cuts. The rising expectation of a regular 25 basis points (bps) interest rate cut by the Fed in November provides some support to the US Dollar (USD). 
 
Inflation in the US, as measured by the CPI, is expected to see an increase of 2.3% YoY in September, down from a 2.5% rise in the previous reading. The core CPI inflation, which excludes volatile food and energy prices, is projected to stay unchanged at 3.2% YoY in the same period.

The Reserve Bank of New Zealand (RBNZ) decided to cut the Official Cash Rate (OCR) by 50 basis points (bps) from 5.25% to 4.75% at its October meeting on Wednesday, as widely expected. The Kiwi loses traction as markets bet on more aggressive easing in November. Swaps imply there are a further 45 basis points of easing to come at the RBNZ's November meeting.