Investing.com - The New Zealand dollar edged higher against its U.S. counterpart on Wednesday, as growing uncertainty over the timing of a U.S. rate hike continued to weigh on demand for the greenback.
NZD/USD hit 0.7694 during late Asian trade, the session high; the pair subsequently consolidated at 0.7689, adding 0.21%.
The pair was likely to find support at 0.7574, the low of April 16 and resistance at 0.7727, the high of April 20.
Sentiment on the greenback remained vulnerable as investors pushed back expectations for higher U.S. interest rates after a recent string of soft economic data dampened optimism on the country's recovery.
The kiwi was lower against the Australian dollar, with AUD/NZD gaining 0.67% to 1.0116.
Also Wednesday, the Australian Bureau of Statistics said that consumer prices rose 0.2% in the first quarter, in line with expectations and after a 0.2% uptick in the three months to December.
Year-on-year, Australian consumer prices rose 1.3% in the three months to March, in line with market expectations and after an increase of 1.7% in the last quarter of 2014.
A separate report showed that Australia's trimmed mean consumer price index, which excludes the most volatile 30% of items, rose at an annualized rate of 2.3% in the first quarter, exceeding expectations for a 2.2% increase.
Later in the day, the U.S. was to release data on existing home sales.