Investing.com - The New Zealand Dollar was lower against the U.S. Dollar on Wednesday after the release of N.Z. data on Unemployment Rate.
NZD/USD was trading at 0.8081, down 0.33% at time of writing.
The pair was likely to find support at 0.8050, today’s low, and resistance at 0.8236, Monday’s high.
Earlier in the day, official data showed that The rate of unemployment in New Zealand rose unexpectedly to a seasonally adjusted 6.7% in the last quarter from 6.4% in the preceding quarter whose figure was revised up from 6.3%.
Analysts had expected N.Z. unemployment rate to remain unchanged at 6.3% in the last quarter.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.23% to hit 1.2771 and EUR/NZD rising 0.26% to hit 1.6276.
NZD/USD was trading at 0.8081, down 0.33% at time of writing.
The pair was likely to find support at 0.8050, today’s low, and resistance at 0.8236, Monday’s high.
Earlier in the day, official data showed that The rate of unemployment in New Zealand rose unexpectedly to a seasonally adjusted 6.7% in the last quarter from 6.4% in the preceding quarter whose figure was revised up from 6.3%.
Analysts had expected N.Z. unemployment rate to remain unchanged at 6.3% in the last quarter.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.23% to hit 1.2771 and EUR/NZD rising 0.26% to hit 1.6276.