Investing.com - The New Zealand dollar fell against its U.S. counterpart on Wednesday, as investors eyed the Reserve Bank of New Zealand's monthly policy statement later in the day, while speculation over the Federal Reserve's upcoming policy moves weighed on the greenback.
NZD/USD hit 0.8268 during late Asian trade, the pair's lowest since Monday; the pair subsequently consolidated at 0.8268, sliding 0.50%.
The pair was likely to find support at 0.8166, the low of December 4 and resistance at 0.8342, the high of November 15.
The greenback remained under pressure amid expectations that the Fed will hold off on tapering its USD85 billion-a-month asset purchase program at its upcoming policy meeting scheduled for December 17-18, despite last week’s stronger-than-forecast U.S. nonfarm payrolls report.
The kiwi was lower against the Australian dollar, with AUD/NZD edging up 0.15% to 1.1027.
Also Wednesday, the Westpac Banking Corporation said consumer sentiment in Australia declined 4.8% in December, after a 1.9% increase the previous month.
NZD/USD hit 0.8268 during late Asian trade, the pair's lowest since Monday; the pair subsequently consolidated at 0.8268, sliding 0.50%.
The pair was likely to find support at 0.8166, the low of December 4 and resistance at 0.8342, the high of November 15.
The greenback remained under pressure amid expectations that the Fed will hold off on tapering its USD85 billion-a-month asset purchase program at its upcoming policy meeting scheduled for December 17-18, despite last week’s stronger-than-forecast U.S. nonfarm payrolls report.
The kiwi was lower against the Australian dollar, with AUD/NZD edging up 0.15% to 1.1027.
Also Wednesday, the Westpac Banking Corporation said consumer sentiment in Australia declined 4.8% in December, after a 1.9% increase the previous month.