Investing.com – The New Zealand dollar was slightly higher against its U.S. counterpart on Thursday, as trade remained subdued ahead of the release of U.S. economic data later in the day.
NZD/USD hit 0.7565 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7563, gaining 0.23%.
The pair was likely to find support at 0.7505, Wednesday’s low and resistance at 0.764, the high of February 11.
Earlier in the day, Statistics New Zealand said input prices, measured by its producer price index, rose slightly less-than-expected in the fourth quarter, climbing 0.9% from the third quarter, when they rose 0.7%. Output prices rose 0.2% from the third quarter, when they increased 1.2%.
Also Thursday, the ANZ index of consumer confidence dropped 9 points in February to 108.1. A number over 100 represents optimists outweighing pessimists.
The kiwi was also up against the euro, with EUR/NZD slipping 0.08% to hit 1.7958.
Later in the day, the U.S. was to publish official data on consumer price inflation and initial jobless claims.
NZD/USD hit 0.7565 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7563, gaining 0.23%.
The pair was likely to find support at 0.7505, Wednesday’s low and resistance at 0.764, the high of February 11.
Earlier in the day, Statistics New Zealand said input prices, measured by its producer price index, rose slightly less-than-expected in the fourth quarter, climbing 0.9% from the third quarter, when they rose 0.7%. Output prices rose 0.2% from the third quarter, when they increased 1.2%.
Also Thursday, the ANZ index of consumer confidence dropped 9 points in February to 108.1. A number over 100 represents optimists outweighing pessimists.
The kiwi was also up against the euro, with EUR/NZD slipping 0.08% to hit 1.7958.
Later in the day, the U.S. was to publish official data on consumer price inflation and initial jobless claims.