Investing.com - The New Zealand dollar was almost unchanged against its U.S. counterpart on Thursday, after the minutes of the Federal Reserve's latest policy meeting showed that the bank may reduce its bond-buying program sooner than expected.
NZD/USD hit 0.8336 during late Asian trade, the session low; the pair subsequently consolidated at 0.8353, edging down 0.06%.
The pair subsequently consolidated at 0.8326, the low of February 8 and resistance at 0.8390, the high of February 7.
The minutes of the Fed’s January meeting showed that policymakers discussed the slowing or stopping of bond purchases even before the job market improves, amid concerns that the policy could cause instability in financial markets.
Meanwhile, investors were jittery ahead of manufacturing and service sector data out of the euro zone later in the session as worries over the outlook for the economic recovery in the region lingered.
The kiwi was steady against the Australian dollar with AUD/NZD inching 0.04% higher.
Later in the day, the U.S. was to release official data on consumer price inflation as well as the weekly government report on initial jobless claims. The U.S. was also to publish industry data on existing home sales and a report on manufacturing activity in Philadelphia.
NZD/USD hit 0.8336 during late Asian trade, the session low; the pair subsequently consolidated at 0.8353, edging down 0.06%.
The pair subsequently consolidated at 0.8326, the low of February 8 and resistance at 0.8390, the high of February 7.
The minutes of the Fed’s January meeting showed that policymakers discussed the slowing or stopping of bond purchases even before the job market improves, amid concerns that the policy could cause instability in financial markets.
Meanwhile, investors were jittery ahead of manufacturing and service sector data out of the euro zone later in the session as worries over the outlook for the economic recovery in the region lingered.
The kiwi was steady against the Australian dollar with AUD/NZD inching 0.04% higher.
Later in the day, the U.S. was to release official data on consumer price inflation as well as the weekly government report on initial jobless claims. The U.S. was also to publish industry data on existing home sales and a report on manufacturing activity in Philadelphia.