Investing.com - The New Zealand Dollar was lower against the U.S. Dollar on Monday after the release of N.Z. data on Labor Cost Index.
NZD/USD was trading at 0.8184, down 0.01% at time of writing.
The pair was likely to find support at 0.8106, Wednesday’s low, and resistance at 0.8236, Monday’s high.
Earlier in the day, official data showed that New Zealand’s labor cost index fell to a seasonally adjusted 0.5% in the last quarter from 0.7% in the preceding quarter.
Analysts had expected N.Z. labor cost index to fall to 0.5% in the last quarter.
Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.05% to hit 1.2734 and EUR/NZD rising 0.03% to hit 1.6180.
NZD/USD was trading at 0.8184, down 0.01% at time of writing.
The pair was likely to find support at 0.8106, Wednesday’s low, and resistance at 0.8236, Monday’s high.
Earlier in the day, official data showed that New Zealand’s labor cost index fell to a seasonally adjusted 0.5% in the last quarter from 0.7% in the preceding quarter.
Analysts had expected N.Z. labor cost index to fall to 0.5% in the last quarter.
Meanwhile, the New Zealand Dollar was up against the Australian Dollar and down against the Euro, with AUD/NZD shedding 0.05% to hit 1.2734 and EUR/NZD rising 0.03% to hit 1.6180.