Investing.com - The New Zealand dollar fell against its U.S. counterpart on Monday, as many Asian exchanges remained closed for the Lunar New Year, while concerns over the euro zone's financial crisis continued to dampen market sentiment.
NZD/USD hit 0.8328 during late Asian trade, the day's low; the pair subsequently consolidated at 0.8325, dropping 0.40%.
The pair was likely to find support at 0.8298, the low of February 7 and resistance at 0.8368, the session high.
Sentiment remained under pressure after European Central Bank President Mario Draghi said Thursday that the bank would closely monitor developments in the markets to see if the stronger euro had an effect on the inflation outlook.
Investor confidence was also hit by uncertainty ahead of upcoming elections in Italy and renewed political tensions in Spain where the government has become embroiled in a corruption scandal.
The kiwi was steady against the Australian dollar with AUD/NZD edging up 0.06%, to hit 1.2356.
Later in the day, the eurogroup of euro zone finance ministers were to hold talks in Brussels, following last week’s European Union summit.
NZD/USD hit 0.8328 during late Asian trade, the day's low; the pair subsequently consolidated at 0.8325, dropping 0.40%.
The pair was likely to find support at 0.8298, the low of February 7 and resistance at 0.8368, the session high.
Sentiment remained under pressure after European Central Bank President Mario Draghi said Thursday that the bank would closely monitor developments in the markets to see if the stronger euro had an effect on the inflation outlook.
Investor confidence was also hit by uncertainty ahead of upcoming elections in Italy and renewed political tensions in Spain where the government has become embroiled in a corruption scandal.
The kiwi was steady against the Australian dollar with AUD/NZD edging up 0.06%, to hit 1.2356.
Later in the day, the eurogroup of euro zone finance ministers were to hold talks in Brussels, following last week’s European Union summit.