Investing.com - The New Zealand dollar edged up against its U.S. counterpart on Wednesday, after the release of positive building consents data from New Zealand but still remained within close distance of a nearly two-month low ahead of the Federal Reserve's upcoming policy statement.
NZD/USD hit 0.8514 during early European trade, the session high; the pair subsequently consolidated at 0.8511, edging up 0.08%.
The pair was likely to find support at 0.8480, the low of June 9 and resistance at 0.8557, Tuesday's high.
Official data showed that New Zealand building consents rose 3.5% last month, after a 4.6% decline in May.
Meanwhile, the greenback remained supported ahead of preliminary data on U.S. second-quarter growth and the Federal Reserve’s latest rate statement, both due on Wednesday. Investors were also awaiting the July employment report on Friday.
Earlier this month Fed Chair Janet Yellen said that rates could rise sooner if the recovery in the labor market continued.
The kiwi was steady against the euro, with EUR/NZD inching down 0.07% to 1.5755.