Investing.com - The New Zealand Dollar was lower against the U.S. Dollar on Tuesday after the release of N.Z. data on PPI Input.
NZD/USD was trading at 0.8336, down 0.32% at time of writing.
The pair was likely to find support at 0.8094, Thursday’s low, and resistance at 0.8390, Monday’s high.
Earlier in the day, official data showed that New Zealand’s producer price inflation input rose less-than-expected to a seasonally adjusted 0.9% in the last quarter from 2.2% in the preceding quarter.
Analysts had expected N.Z. PPI input to rise 1.1% in the last quarter.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.23% to hit 1.2568 and EUR/NZD rising 0.24% to hit 1.7273.
NZD/USD was trading at 0.8336, down 0.32% at time of writing.
The pair was likely to find support at 0.8094, Thursday’s low, and resistance at 0.8390, Monday’s high.
Earlier in the day, official data showed that New Zealand’s producer price inflation input rose less-than-expected to a seasonally adjusted 0.9% in the last quarter from 2.2% in the preceding quarter.
Analysts had expected N.Z. PPI input to rise 1.1% in the last quarter.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.23% to hit 1.2568 and EUR/NZD rising 0.24% to hit 1.7273.