Investing.com - The New Zealand dollar climbed against its U.S. counterpart on Thursday, boosted by upbeat business confidence data from New Zealand, while concerns over the political deadlock in Italy were overshadowed by a successful Italian government bond auction.
NZD/USD hit 0.8324 during late Asian trade, the pair's highest since February 26; the pair subsequently consolidated at 0.8316, advancing 0.47%.
The pair was likely to find support at 0.8254, the session low and resistance at 0.8353, the high of February 26.
Data showed that the ANZ business confidence index for New Zealand improved to 39.4 in February, from a reading of 22.7 the previous month.
Separately, sentiment found support after after Italy successfully auctioned the full targeted amount of EUR6.5 billion of five and 10-year bonds on Wednesday, easing investor concerns that the political impasse could rekindle the crisis in the euro zone.
However, the growing likelihood of fresh elections in Italy continued to weigh, as hopes that a coalition government could be formed faded.
The kiwi was steady against the Australian dollar with AUD/NZD dipping 0.04%, to hit 1.2354.
Also Thursday, official data showed that private capital expenditure in Australia fell unexpectedly in the fourth quarter, dropping 1.2% after a 1.1% increase in the previous quarter. Analysts had expected private capital expenditure to rise 1% in the last quarter.
A separate report showed that new home sales in Australia rose 4.2% in January, after a 6.2% increase the previous month.
Later in the day, the U.S. was to release revised data on fourth quarter growth and the weekly report on initial jobless claims.
NZD/USD hit 0.8324 during late Asian trade, the pair's highest since February 26; the pair subsequently consolidated at 0.8316, advancing 0.47%.
The pair was likely to find support at 0.8254, the session low and resistance at 0.8353, the high of February 26.
Data showed that the ANZ business confidence index for New Zealand improved to 39.4 in February, from a reading of 22.7 the previous month.
Separately, sentiment found support after after Italy successfully auctioned the full targeted amount of EUR6.5 billion of five and 10-year bonds on Wednesday, easing investor concerns that the political impasse could rekindle the crisis in the euro zone.
However, the growing likelihood of fresh elections in Italy continued to weigh, as hopes that a coalition government could be formed faded.
The kiwi was steady against the Australian dollar with AUD/NZD dipping 0.04%, to hit 1.2354.
Also Thursday, official data showed that private capital expenditure in Australia fell unexpectedly in the fourth quarter, dropping 1.2% after a 1.1% increase in the previous quarter. Analysts had expected private capital expenditure to rise 1% in the last quarter.
A separate report showed that new home sales in Australia rose 4.2% in January, after a 6.2% increase the previous month.
Later in the day, the U.S. was to release revised data on fourth quarter growth and the weekly report on initial jobless claims.