Investing.com - The New Zealand dollar was higher against its U.S. counterpart on Wednesday, but gains were expected to remain limited as markets were jittery ahead of an upcoming G20 meeting.
NZD/USD hit 0.8430 during late Asian trade, the session high; the pair subsequently consolidated at 0.8426, adding 0.24%.
The pair was likely to find support at 0.8370, the low of February 6 and resistance at 0.8461, the high of February 6.
Investors remained cautious after a statement by the G7 on Tuesday reaffirmed a commitment to market-determined exchange rates and said that fiscal and monetary policy won't target exchange rates.
The statement came ahead of G20 meeting starting Friday, which is likely to feature discussions on competitive currency devaluations.
Elsewhere, the kiwi was lower against the Australian dollar with AUD/NZD edging up 0.17%, to hit 1.2282.
Also Wednesday, the Westpac Banking Corporation said that consumer sentiment in Australia rose 7.7% in February, after a 0.60% rise the previous month.
Later in the day, the U.S. was to publish official data on retail sales, as well as reports on import prices, business inventories and crude oil stockpiles.
NZD/USD hit 0.8430 during late Asian trade, the session high; the pair subsequently consolidated at 0.8426, adding 0.24%.
The pair was likely to find support at 0.8370, the low of February 6 and resistance at 0.8461, the high of February 6.
Investors remained cautious after a statement by the G7 on Tuesday reaffirmed a commitment to market-determined exchange rates and said that fiscal and monetary policy won't target exchange rates.
The statement came ahead of G20 meeting starting Friday, which is likely to feature discussions on competitive currency devaluations.
Elsewhere, the kiwi was lower against the Australian dollar with AUD/NZD edging up 0.17%, to hit 1.2282.
Also Wednesday, the Westpac Banking Corporation said that consumer sentiment in Australia rose 7.7% in February, after a 0.60% rise the previous month.
Later in the day, the U.S. was to publish official data on retail sales, as well as reports on import prices, business inventories and crude oil stockpiles.