Investing.com - The New Zealand dollar rose against its U.S. counterpart in thin trade on Tuesday, but sentiment remained under pressure as markets remained focused on Hurricane Sandy.
NZD/USD hit 0.8222 during European morning trade, the session high; the pair subsequently consolidated at 0.8220, adding 0.34%.
The pair was likely to find support at 0.8170, the low of October 26 and resistance at 0.8266, the high of October 5.
Markets were jittery after Spanish Prime Minister Mariano Rajoy said Monday that he would request a bailout "when I think it is in the interests of Spain".
His comments came after official data showed Spanish retail sales dropped at the fastest pace on record in September, further clouding the economic outlook.
Later Tuesday, Italy was planning to auction as much as EUR7 billion of government bonds, but investor remained jittery amid concerns over former Prime Minister Silvio Berlusconi's threat to bring down the current government.
The kiwi was steady against the Australian dollar with AUD/NZD inching up 0.01%, to hit 1.2613.
Also Tuesday, industry data showed that new home sales fell for the third consecutive month in September, dropping 3.7% after a 5.3% decline the previous month.
Later in the day, the U.S. was to release data on consumer confidence, as well as industry data on house price inflation.
NZD/USD hit 0.8222 during European morning trade, the session high; the pair subsequently consolidated at 0.8220, adding 0.34%.
The pair was likely to find support at 0.8170, the low of October 26 and resistance at 0.8266, the high of October 5.
Markets were jittery after Spanish Prime Minister Mariano Rajoy said Monday that he would request a bailout "when I think it is in the interests of Spain".
His comments came after official data showed Spanish retail sales dropped at the fastest pace on record in September, further clouding the economic outlook.
Later Tuesday, Italy was planning to auction as much as EUR7 billion of government bonds, but investor remained jittery amid concerns over former Prime Minister Silvio Berlusconi's threat to bring down the current government.
The kiwi was steady against the Australian dollar with AUD/NZD inching up 0.01%, to hit 1.2613.
Also Tuesday, industry data showed that new home sales fell for the third consecutive month in September, dropping 3.7% after a 5.3% decline the previous month.
Later in the day, the U.S. was to release data on consumer confidence, as well as industry data on house price inflation.