Investing.com - The New Zealand dollar was almost unchanged against its U.S. counterpart on Wednesday, as investors remained focused on the handling of the debt crisis in the euro zone after Italy’s Prime Minister announced that the region’s debt woes are coming to an end.
NZD/USD hit 0.8210 during late Asian trade, the daily high; the pair subsequently consolidated at 0.8210, inching up 0.07%.
The pair was likely to find support at 0.8141, the low of March 26 and resistance at 0.8262, Tuesday’s high.
The kiwi pulled back from a two-day low after Italian Prime Minister Mario Monti said earlier that the euro zone’s debt crisis is “almost over”.
Monti added that a solution to Greece’s challenges is almost accomplished, Spain is employing fiscal discipline and Italian actions have helped stop deterioration in Europe’s woes.
Meanwhile, investors were eyeing a meeting of euro zone finance ministers scheduled at the end of the week to reach an agreement on the size of the bailout fund for indebted countries.
Elsewhere, the kiwi was higher against the Australian dollar with AUD/NZD shedding 0.19%, to hit 1.2723.
Also Wednesday, the Reserve Bank of Australia warned the country’s lenders to be cautious in their quest for profits, despite a dramatic improvement in global financial conditions this year.
Later in the day, the U.S. was to publish government data on durable goods orders, followed by a report on crude oil stockpiles.
NZD/USD hit 0.8210 during late Asian trade, the daily high; the pair subsequently consolidated at 0.8210, inching up 0.07%.
The pair was likely to find support at 0.8141, the low of March 26 and resistance at 0.8262, Tuesday’s high.
The kiwi pulled back from a two-day low after Italian Prime Minister Mario Monti said earlier that the euro zone’s debt crisis is “almost over”.
Monti added that a solution to Greece’s challenges is almost accomplished, Spain is employing fiscal discipline and Italian actions have helped stop deterioration in Europe’s woes.
Meanwhile, investors were eyeing a meeting of euro zone finance ministers scheduled at the end of the week to reach an agreement on the size of the bailout fund for indebted countries.
Elsewhere, the kiwi was higher against the Australian dollar with AUD/NZD shedding 0.19%, to hit 1.2723.
Also Wednesday, the Reserve Bank of Australia warned the country’s lenders to be cautious in their quest for profits, despite a dramatic improvement in global financial conditions this year.
Later in the day, the U.S. was to publish government data on durable goods orders, followed by a report on crude oil stockpiles.