Investing.com - The New Zealand dollar was higher against its U.S. counterpart in quiet trade on Tuesday, as investors eyed the release of U.S. economic reports later in the day amid mounting expectations for a near-term end to the Federal Reserve's bond-buying program.
NZD/USD hit 0.8098 during late Asian trade, the session high; the pair subsequently consolidated at 0.8102, rising 0.25%.
The pair was likely to find support at 0.8006, the low of May 23 and an eight-month low and resistance at 0.8171, the high of May 23.
Demand for the dollar continued to be underpinned by expectations that the Federal Reserve is moving closer to scaling back its USD85 billion-a-month asset purchase program.
Last week, the minutes from the U.S. central bank’s May meeting showed that a "number" of policymakers were prepared to taper bonds purchases as soon as June.
The kiwi was steady against the New Zealand dollar with AUD/NZD dipping 0.01%, to hit 1.1919.
Later in the day, the U.S. was to release private sector data on house price inflation and a report on consumer confidence.
NZD/USD hit 0.8098 during late Asian trade, the session high; the pair subsequently consolidated at 0.8102, rising 0.25%.
The pair was likely to find support at 0.8006, the low of May 23 and an eight-month low and resistance at 0.8171, the high of May 23.
Demand for the dollar continued to be underpinned by expectations that the Federal Reserve is moving closer to scaling back its USD85 billion-a-month asset purchase program.
Last week, the minutes from the U.S. central bank’s May meeting showed that a "number" of policymakers were prepared to taper bonds purchases as soon as June.
The kiwi was steady against the New Zealand dollar with AUD/NZD dipping 0.01%, to hit 1.1919.
Later in the day, the U.S. was to release private sector data on house price inflation and a report on consumer confidence.