The New Zealand dollar traded near a two-month low at around $0.581, as traders remained wary following US retaliatory strikes against Iran. Washington said it completed self-defense strikes against Tehran in response to the downing of a US helicopter that was patrolling over the Strait of Hormuz, further complicating prospects for a peace deal between the two countries and adding strain to an already fragile ceasefire. Meanwhile, investors are now awaiting key US inflation data for further clues on the Federal Reserve’s rate path. Supporting the kiwi, however, is the prospect of higher interest rates following a hawkish outlook from the Reserve Bank of New Zealand. Markets continue to price in a potential rate hike as early as July, with the OCR seen to peak around 3.50% late next year.