Investing.com - The New Zealand dollar edged lower against its U.S. counterpart on Tuesday, as investors eyed the Reserve Bank of New Zealand's financial stability report later in the day, while the greenback remained supported by expectations for the Federal Reserve to soon scale back stimulus.
NZD/USD hit 0.8206 during late Asian trade, the pair's lowest since October 30; the pair subsequently consolidated at 0.8232, falling 0.26%.
The pair was likely to find support at 0.8159, the low of October 17 and resistance at 0.8312, the high of November 4.
Demand for the greenback remained supported after official data last week showed that the U.S. economy added 204,000 jobs in October, far more than the 125,000 forecast by economists.
The upbeat data spurred heightened speculation that the Fed may start winding down its USD85 billion-a-month asset purchase program as soon as its next monthly meeting in December.
The kiwi was steady against the Australian dollar with AUD/NZD easing 0.03%, to hit 1.1336.
Also Tuesday, the National Australia Bank sais its business index fell to 5 in October, from a reading of 12 the previous month.
Later in the day, the RBNZ was to release its bi-annual financial stability report, which outlines the bank’s view on the outlook for inflation and growth.
NZD/USD hit 0.8206 during late Asian trade, the pair's lowest since October 30; the pair subsequently consolidated at 0.8232, falling 0.26%.
The pair was likely to find support at 0.8159, the low of October 17 and resistance at 0.8312, the high of November 4.
Demand for the greenback remained supported after official data last week showed that the U.S. economy added 204,000 jobs in October, far more than the 125,000 forecast by economists.
The upbeat data spurred heightened speculation that the Fed may start winding down its USD85 billion-a-month asset purchase program as soon as its next monthly meeting in December.
The kiwi was steady against the Australian dollar with AUD/NZD easing 0.03%, to hit 1.1336.
Also Tuesday, the National Australia Bank sais its business index fell to 5 in October, from a reading of 12 the previous month.
Later in the day, the RBNZ was to release its bi-annual financial stability report, which outlines the bank’s view on the outlook for inflation and growth.