Investing.com - The New Zealand dollar was almost unchanged against its U.S. counterpart on Tuesday, as upbeat data from China continued to support demand for export-related currencies, while markets eyed the release of U.S. economic reports later in the day.
NZD/USD hit 0.8724 during late Asian trade, the session high; the pair subsequently consolidated at 0.8715, inching up 0.03%.
The pair was likely to find support at 0.8655, the low of June 18 and resistance at 0.8780.
A report on Monday showed that China’s HSBC manufacturing PMI came in at 50.8 in June, the first time the index rose above the 50 level separating growth from contraction in six months.
The greenback found some support however, after data showed that U.S. manufacturing activity grew at the fastest rate in four years in June, with the Markit manufacturing purchasing managers’ index rising to 57.5 from 56.4 in May.
The kiwi was higher against the Australian dollar, with AUD/NZD slipping 0.20% to 1.0790.
Later in the day, the U.S. was to release private sector data on consumer confidence, as well as a report on new home sales.