Investing.com - The New Zealand dollar fell to one-week lows against its U.S. counterpart on Wednesday, after the release of downbeat employment data from New Zealand and as the greenback remained broadly supported.
NZD/USD hit 0.6633 during late Asian trade, the pair's lowest since October 28; the pair subsequently consolidated at 0.6658, slipping 0.09%.
The pair was likely to find support at 0.6618, the low of October 28 and resistance at 0.6782, Tuesday's high.
Statistics New Zealand earlier reported that the number of employed people declined by 0.4% in the third quarter, confounding expectations for a 0.4% rise, after a 0.3% gain in the three months to June.
The report also showed that New Zealand's unemployment rate ticked up to 6.0% in the three months to September from 5.9% in the second quarter, in line with expectations.
In the U.S., investors were turning their attention to Friday's nonfarm payrolls report for indications on the likelihood of a December rate hike.
The Federal Reserve left rates on hold last week but indicated that it could still raise interest rates for the first time since 2006 at its December meeting.
The kiwi was lower against the Australian dollar, with AUD/NZD gaining 0.39% to 1.0823.
Also Wednesday, the Australian Bureau of Statistics said that retail sales rose 0.4% in September, in line with expectations and after a 0.4% gain the previous month.
A separate report showed that Australia's trade deficit narrowed to A$2.317 billion in September from A$2.711 billion in August, whose figure was revised from a previously estimated deficit of A$3.095 billion.
Analysts had expected the trade deficit to hit A$3.000 billion in September.