NZD/USD extends the decline to near 0.5750 ahead of US PCE inflation release

• NZD/USD extends its downside to near 0.5760 in Friday's early Asian session.
• US GDP rose by an upwardly revised rate of 3.8% in Q2, stronger than 3.3% initially reported. 
• New Zealand GDP figures were weaker than expected, fueling bets of additional RBNZ rate reductions. 

The NZD/USD pair attracts some sellers to around 0.5760 during the early Asian session on Friday. The stronger-than-expected US economic data provide some support to the Greenback against the New Zealand Dollar (NZD). All eyes will be on the US August Personal Consumption Expenditures (PCE) Price Index data later on Friday.

The US economy grew at an annual rate of 3.8% in the second quarter (Q2), the US Bureau of Economic Analysis' (BEA) final estimate showed on Thursday. This reading came in above the previous estimate and the estimation of 3.3%. The US Dollar (USD) edges higher in an immediate reaction to the upbeat US economic report. 

Meanwhile, traders continue to assess mixed signals from Federal Reserve (Fed) officials. Kansas City Fed President Jeffrey Schmid said the rate cut was needed to help ensure that the job market remains in a good place. 

Chicago Fed President Austan Goolsbee noted that he was not eager to do a lot more policy easing while inflation is above target and moving the wrong way. Fed Governor Stephen Miran, the Fed's newest policymaker, preferred a more aggressive 0.50% cut to prevent labor market collapse.

On the Kiwi front, Anna Breman has been appointed the new Reserve Bank of New Zealand (RBNZ) Governor and will begin her role in early December. Acting Governor Christian Hawkesby will preside over the upcoming October and November meetings, where additional rate cuts are likely, as the recent New Zealand Gross Domestic Product (GDP) came in weaker than expected. The growing expectation of an aggressive rate cut at the RBNZ's upcoming meeting next month might undermine the NZD against the USD in the near term.