Investing.com - The New Zealand dollar edged higher against its U.S. counterpart on Monday, but gains were limited as concerns over the outlook for global economic growth contiued to dampen investor confidence.
NZD/USD hit 0.8462 during late Asian trade, the session high; the pair subsequently consolidated at 0.8431, adding 0.16%.
The pair was likely to find support at 0.8414, the low of April 16 and resistance at 0.8496, the high of April 17.
Sentiment found some support after Italy re-elected President Giorgio Napolitano on Saturday, as the country attempts to break an ongoing political deadlock.
Meanwhile, investors remained focused on the yen, which weakened across the board after the Group of 20 nations said Japan's recent policy actions are aimed at beating deflation and not at competitively weakening the yen.
The kiwi was higher against the Australian dollar with AUD/NZD slipping 0.14%, to hit 1.2194.
Later in the day, the U.S. was to release private sector data on existing home sales.
NZD/USD hit 0.8462 during late Asian trade, the session high; the pair subsequently consolidated at 0.8431, adding 0.16%.
The pair was likely to find support at 0.8414, the low of April 16 and resistance at 0.8496, the high of April 17.
Sentiment found some support after Italy re-elected President Giorgio Napolitano on Saturday, as the country attempts to break an ongoing political deadlock.
Meanwhile, investors remained focused on the yen, which weakened across the board after the Group of 20 nations said Japan's recent policy actions are aimed at beating deflation and not at competitively weakening the yen.
The kiwi was higher against the Australian dollar with AUD/NZD slipping 0.14%, to hit 1.2194.
Later in the day, the U.S. was to release private sector data on existing home sales.