Investing.com – The New Zealand dollar was lower against its U.S. counterpart on Tuesday, weighed by the weaker Australian dollar after authorities warned that the impact from massive flooding in Queensland was escalating.
NZD/USD hit 0.7577 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7584, shedding 0.64%.
The pair was likely to find short-term support at 0.7548, the low of January 7 and resistance at 0.7645, Monday’s high.
Earlier Tuesday, Statistics New Zealand said residential building permits issued in November rose by 8.8%, after declining by a revised 1.8% in October.
Elsewhere, the New Zealand Institute of Economic Research's Quarterly Survey of Business Opinion showed that 8.0% of firms surveyed expected conditions to improve over the next six months, compared with 6.0% that expected an improvement in the previous survey.
The kiwi was also lower against the euro, with EUR/NZD climbing 0.43% to hit 1.7032.
Later Tuesday, the U.S. was to publish official data on wholesale inventories, as well as a report on economic optimism.
NZD/USD hit 0.7577 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7584, shedding 0.64%.
The pair was likely to find short-term support at 0.7548, the low of January 7 and resistance at 0.7645, Monday’s high.
Earlier Tuesday, Statistics New Zealand said residential building permits issued in November rose by 8.8%, after declining by a revised 1.8% in October.
Elsewhere, the New Zealand Institute of Economic Research's Quarterly Survey of Business Opinion showed that 8.0% of firms surveyed expected conditions to improve over the next six months, compared with 6.0% that expected an improvement in the previous survey.
The kiwi was also lower against the euro, with EUR/NZD climbing 0.43% to hit 1.7032.
Later Tuesday, the U.S. was to publish official data on wholesale inventories, as well as a report on economic optimism.