Investing.com - The New Zealand dollar was almost unchanged against its U.S. counterpart on Tuesday, as markets eyed employment data out of New Zealand later in the day, while Federal Reserve officials dampened expectations for a near term end to the bank's stimulus program.
NZD/USD hit 0.8260 during late Asian trade, the session low; the pair subsequently consolidated at 0.8282, easing 0.02%.
The pair was likely to find support at 0.8193, the low of October 30 and resistance at 0.8338, the high of October 25.
Comments by Fed officials on Monday indicated that the bank is likely to keep its stimulus program in place for some time to come.
Federal Reserve Bank of Boston President Eric Rosengren said bank should keep its asset purchase program in place until there is "compelling evidence of a sustainable recovery making satisfactory progress toward full employment."
The kiwi was higher against the Australian dollar with AUD/NZD edging down 0.19%, to hit 1.1454.
Also Tuesday, the Reserve Bank of Australia held its benchmark interest rate at a record-low 2.5%, in line with market expectations.
Commenting on the decision, RBA Chairman Glenn Stevens said the Aussie remained "uncomfortably high" and that "a lower level of the exchange rate is likely to be needed to achieve balanced growth in the economy".
Later in the day, New Zealand was to produce a report on the change in the number of people employed and the unemployment rate, while the Institute of Supply Management is to release a report on service sector activity.
NZD/USD hit 0.8260 during late Asian trade, the session low; the pair subsequently consolidated at 0.8282, easing 0.02%.
The pair was likely to find support at 0.8193, the low of October 30 and resistance at 0.8338, the high of October 25.
Comments by Fed officials on Monday indicated that the bank is likely to keep its stimulus program in place for some time to come.
Federal Reserve Bank of Boston President Eric Rosengren said bank should keep its asset purchase program in place until there is "compelling evidence of a sustainable recovery making satisfactory progress toward full employment."
The kiwi was higher against the Australian dollar with AUD/NZD edging down 0.19%, to hit 1.1454.
Also Tuesday, the Reserve Bank of Australia held its benchmark interest rate at a record-low 2.5%, in line with market expectations.
Commenting on the decision, RBA Chairman Glenn Stevens said the Aussie remained "uncomfortably high" and that "a lower level of the exchange rate is likely to be needed to achieve balanced growth in the economy".
Later in the day, New Zealand was to produce a report on the change in the number of people employed and the unemployment rate, while the Institute of Supply Management is to release a report on service sector activity.