Investing.com - The New Zealand Dollar was lower against the U.S. Dollar on Wednesday after the release of N.Z. data on CPI.
NZD/USD was trading at 0.7654, down 0.44% at time of writing.
The pair was likely to find support at 0.7635, Friday’s low, and resistance at 0.7788, today’s high.
Earlier in the day, official data showed that consumer price inflation in New Zealand rose to a seasonally adjusted 2.30% in the last quarter, from 1.10% in the preceding quarter.
Analysts had expected CPI to rise 2.30% in the last quarter.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.19% to hit 1.3039 and EUR/NZD rising 0.34% to hit 1.7584.
NZD/USD was trading at 0.7654, down 0.44% at time of writing.
The pair was likely to find support at 0.7635, Friday’s low, and resistance at 0.7788, today’s high.
Earlier in the day, official data showed that consumer price inflation in New Zealand rose to a seasonally adjusted 2.30% in the last quarter, from 1.10% in the preceding quarter.
Analysts had expected CPI to rise 2.30% in the last quarter.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.19% to hit 1.3039 and EUR/NZD rising 0.34% to hit 1.7584.