Investing.com - The New Zealand Dollar was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Personal Spending.
NZD/USD was trading at 0.8689, down 0.88% at time of writing.
The pair was likely to find support at 0.8623, Friday’s low, and resistance at 0.8842, Monday’s high.
Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted -0.2% last month from 0.1% in the preceding month whose figure was revised up from 0.0%.
Analysts had expected personal spending to rise 0.2% last month.
Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.66% to hit 1.2434 and EUR/NZD rising 0.44% to hit 1.6329.
NZD/USD was trading at 0.8689, down 0.88% at time of writing.
The pair was likely to find support at 0.8623, Friday’s low, and resistance at 0.8842, Monday’s high.
Earlier in the day, official data showed that U.S. personal spending fell unexpectedly to a seasonally adjusted -0.2% last month from 0.1% in the preceding month whose figure was revised up from 0.0%.
Analysts had expected personal spending to rise 0.2% last month.
Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.66% to hit 1.2434 and EUR/NZD rising 0.44% to hit 1.6329.