Investing.com - The New Zealand dollar edged lower against its U.S. counterpart on Tuesday, ahead of U.S. retail sales data later in the day, as uncertainty over the future of the Federal Reserve's stimulus program continued to weigh.
NZD/USD hit 0.7972 during late Asian trade, the session low; the pair subsequently consolidated at 0.8002, slipping 0.10%.
The pair was likely to find support at 0.7934, the low of August 8 and resistance at 0.8058, Monday's high.
The greenback strengthened broadly on Monday amid expectations that U.S. retail sales data would underline the view that the economic recovery strong enough for the Federal Reserve to begin scaling back its asset purchase program later this year.
The U.S. was also to release data on inflation, industrial production, housing starts and consumer confidence later in the week.
The kiwi was steady against the Australian dollar with AUD/NZD dipping 0.02%, to hit 1.1420.
Also Tuesday, the National Australia Bank said its business confidence index fell to minus 3 in July from a reading of zero the previous month.
NZD/USD hit 0.7972 during late Asian trade, the session low; the pair subsequently consolidated at 0.8002, slipping 0.10%.
The pair was likely to find support at 0.7934, the low of August 8 and resistance at 0.8058, Monday's high.
The greenback strengthened broadly on Monday amid expectations that U.S. retail sales data would underline the view that the economic recovery strong enough for the Federal Reserve to begin scaling back its asset purchase program later this year.
The U.S. was also to release data on inflation, industrial production, housing starts and consumer confidence later in the week.
The kiwi was steady against the Australian dollar with AUD/NZD dipping 0.02%, to hit 1.1420.
Also Tuesday, the National Australia Bank said its business confidence index fell to minus 3 in July from a reading of zero the previous month.