Investing.com - The New Zealand dollar edged higher against its U.S. counterpart on Thursday, but gains were limited as concerns over the outlook for growth in the euro zone and the U.S. continued to could market sentiment.
NZD/USD hit 0.8128 during European morning trade, the daily high; the pair subsequently consolidated at 0.8116, rising 0.16%.
The pair was likely to find support at 0.8082, the low of September 11 and resistance at 0.8182, Wednesday's high.
Sentiment remained under pressure amid ongoing uncertainty over whether Greece is about to receive an additional tranche of financial aid.
Markets were also jittery as concerns that the economic outlook for the euro zone is worsening were underlined after official data on Wednesday showed that industrial production in the bloc tumbled 2.5% in September, compared to expectations for a 1.9% decline.
Meanwhile, in the minutes of its October policy meeting, the Federal Reserve said on Wednesday that it may need to expand its monthly purchases of bonds next year, after the expiration of a program to extend the maturities of assets on its balance sheet, known as Operation Twist.
The kiwi was higher against the New Zealand dollar with AUD/NZD shedding 0.22%, to hit 1.2761.
Also Thursday, the Melbourne Institute said that its inflation expectations for Australia ticked down to 2.2% in October, from 2.6% the previous month.
A separate report showed that new motor vehicle sales in Australia fell by 2.8% last month, after a 4.7% increase in September.
Later in the day, the U.S. was to release reports on initial jobless claims, consumer price inflation, crude oil stockpiles, in addition to data on manufacturing activity in New York and Philadelphia.
Meanwhile, a speech by Federal Reserve Chairman Ben Bernanke was to be closely watched for any indications on the future possible direction of monetary policy.
NZD/USD hit 0.8128 during European morning trade, the daily high; the pair subsequently consolidated at 0.8116, rising 0.16%.
The pair was likely to find support at 0.8082, the low of September 11 and resistance at 0.8182, Wednesday's high.
Sentiment remained under pressure amid ongoing uncertainty over whether Greece is about to receive an additional tranche of financial aid.
Markets were also jittery as concerns that the economic outlook for the euro zone is worsening were underlined after official data on Wednesday showed that industrial production in the bloc tumbled 2.5% in September, compared to expectations for a 1.9% decline.
Meanwhile, in the minutes of its October policy meeting, the Federal Reserve said on Wednesday that it may need to expand its monthly purchases of bonds next year, after the expiration of a program to extend the maturities of assets on its balance sheet, known as Operation Twist.
The kiwi was higher against the New Zealand dollar with AUD/NZD shedding 0.22%, to hit 1.2761.
Also Thursday, the Melbourne Institute said that its inflation expectations for Australia ticked down to 2.2% in October, from 2.6% the previous month.
A separate report showed that new motor vehicle sales in Australia fell by 2.8% last month, after a 4.7% increase in September.
Later in the day, the U.S. was to release reports on initial jobless claims, consumer price inflation, crude oil stockpiles, in addition to data on manufacturing activity in New York and Philadelphia.
Meanwhile, a speech by Federal Reserve Chairman Ben Bernanke was to be closely watched for any indications on the future possible direction of monetary policy.