Investing.com - The New Zealand Dollar was lower against the U.S. Dollar on Wednesday after the release of N.Z. data on GDP.
NZD/USD was trading at 0.7996, down 0.24% at time of writing.
The pair was likely to find support at 0.7990, today’s low, and resistance at 0.8342, Friday’s high.
Earlier in the day, official data showed that New Zealand’s gross domestic product rose less-than-expected to a seasonally adjusted 0.1% in the last quarter from 0.9% in the preceding quarter whose figure was revised up from 0.8%.
Analysts had expected New Zealand’s GDP to rise 0.5% in the last quarter.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.43% to hit 1.2579 and EUR/NZD rising 0.32% to hit 1.6990.
NZD/USD was trading at 0.7996, down 0.24% at time of writing.
The pair was likely to find support at 0.7990, today’s low, and resistance at 0.8342, Friday’s high.
Earlier in the day, official data showed that New Zealand’s gross domestic product rose less-than-expected to a seasonally adjusted 0.1% in the last quarter from 0.9% in the preceding quarter whose figure was revised up from 0.8%.
Analysts had expected New Zealand’s GDP to rise 0.5% in the last quarter.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.43% to hit 1.2579 and EUR/NZD rising 0.32% to hit 1.6990.