Investing.com – New Zealand’s dollar was up against its U.S. counterpart on Thursday, surging to a 2-week high, after better-than-expected U.S. data on initial jobless claims eased some concerns over U.S. economic growth.
NZD/USD hit 0.7171 during European afternoon trade, the pair’s highest since August 18; the pair subsequently consolidated at 0.7156, gaining 0.48%.
The pair was likely to find support at 0.6980, Wednesday’s low, and resistance at 0.7191, the high of August 18.
Earlier in the day, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending August 28 fell to a seasonally adjusted 472K, after declining to a revised 478K in the preceding week.
Analysts had expected jobless claims to increase to 475K in the week ending August 28.
The kiwi was also up against the euro, with EUR/NZD shedding 0.40% to hit 1.7917.
Later in the day, the U.S. was to produce data on pending home sales.
NZD/USD hit 0.7171 during European afternoon trade, the pair’s highest since August 18; the pair subsequently consolidated at 0.7156, gaining 0.48%.
The pair was likely to find support at 0.6980, Wednesday’s low, and resistance at 0.7191, the high of August 18.
Earlier in the day, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending August 28 fell to a seasonally adjusted 472K, after declining to a revised 478K in the preceding week.
Analysts had expected jobless claims to increase to 475K in the week ending August 28.
The kiwi was also up against the euro, with EUR/NZD shedding 0.40% to hit 1.7917.
Later in the day, the U.S. was to produce data on pending home sales.