Investing.com – The New Zealand dollar edged higher against its U.S. counterpart on Thursday, easing up to a six day high as risk appetite made a return following Portugal's successful bond auction on Wednesday.
NZD/USD hit 0.765 during late Asian trade, the pair’s highest since January 5; the pair subsequently consolidated at 0.764, edging up 0.05%.
The pair was likely to find support at 0.7561, Wednesday’s low and resistance at 0.768, the high of January 5.
However the kiwi’s gains were capped as the weak Australian dollar continued to weigh.
Earlier in the day, official data showed that the number of employed in Australia rose by 2,300 in December, much less than the 25,000 gain forecast. However, the unemployment rate fell to a lower-than-expected 5.0% in December from 5.2% in November.
The kiwi was also marginally higher against the euro, with EUR/NZD dipping 0.04% to hit 1.7179.
Later in the day, the U.S. was to release a flurry of data, including a key weekly report on initial jobless claims as well as data on producer price inflation and the country’s trade balance.
NZD/USD hit 0.765 during late Asian trade, the pair’s highest since January 5; the pair subsequently consolidated at 0.764, edging up 0.05%.
The pair was likely to find support at 0.7561, Wednesday’s low and resistance at 0.768, the high of January 5.
However the kiwi’s gains were capped as the weak Australian dollar continued to weigh.
Earlier in the day, official data showed that the number of employed in Australia rose by 2,300 in December, much less than the 25,000 gain forecast. However, the unemployment rate fell to a lower-than-expected 5.0% in December from 5.2% in November.
The kiwi was also marginally higher against the euro, with EUR/NZD dipping 0.04% to hit 1.7179.
Later in the day, the U.S. was to release a flurry of data, including a key weekly report on initial jobless claims as well as data on producer price inflation and the country’s trade balance.