Investing.com - The New Zealand dollar edged lower against its U.S. counterpart on Thursday, but the kiwi remained mildly supported after the release of upbeat Chinese manufacturing data and as U.S. lawmakers temporarily eased worries over the country's debt ceiling.
NZD/USD hit 0.8411 during late Asian trade, the session low; the pair subsequently consolidated at 0.8407, edging down 0.18%.
The pair was likely to find support at 0.8384, the low of January 10 and resistance at 0.8460, the high of January 10.
Sentiment found support after China’s preliminary HSBC manufacturing purchasing managers’ index improved to 51.9 in January, a two-year high, from a final reading of 51.5 in December.
The upbeat data added to signs of a rebound in the world’s second largest economy.
Separately, the U.S. House of Representatives passed a bill Wednesday to allow the government to borrow enough money to avoid a first-time default for at least four months, but setting up more debates over taxes, spending and the deficit, in the spring.
The kiwi was higher against the Australian dollar with AUD/NZD falling 0.23%, to hit 1.2497.
Later in the day, the U.S. was to release the weekly government report on initial jobless claims.
NZD/USD hit 0.8411 during late Asian trade, the session low; the pair subsequently consolidated at 0.8407, edging down 0.18%.
The pair was likely to find support at 0.8384, the low of January 10 and resistance at 0.8460, the high of January 10.
Sentiment found support after China’s preliminary HSBC manufacturing purchasing managers’ index improved to 51.9 in January, a two-year high, from a final reading of 51.5 in December.
The upbeat data added to signs of a rebound in the world’s second largest economy.
Separately, the U.S. House of Representatives passed a bill Wednesday to allow the government to borrow enough money to avoid a first-time default for at least four months, but setting up more debates over taxes, spending and the deficit, in the spring.
The kiwi was higher against the Australian dollar with AUD/NZD falling 0.23%, to hit 1.2497.
Later in the day, the U.S. was to release the weekly government report on initial jobless claims.