Investing.com - The New Zealand dollar was higher against its U.S. counterpart on Monday, as demand for the greenback remained under pressure after disappointing U.S. data on Friday and amid expectations for the Federal Reserve to maintain its asset purchase program.
NZD/USD hit 0.8406 during late Asian trade, the pair's highest since November 6; the pair subsequently consolidated at 0.8379, climbing 0.52%.
The pair was likely to find support at 0.8268, the low of November 15 and resistance at 0.8446, the high of October 24.
On Friday, a report showed that the Federal Reserve’s Empire state manufacturing index fell to -2.21 from 1.52 in October. Economists had forecast a rise to 5.0.
The greenback also remained under pressure amid heightened expectations thahttp://www.investing.com/admin/content/newst the Fed will stick to its easy money policies for some time to come, after comments by Fed Chairwoman nominee Janet Yellen last week were seen as supportive of continued stimulus.
The kiwi was lower against the Australian dollar with AUD/NZD edging up 0.13%, to hit 1.1256.
Later in the day, the U.S. was to release private sector data on the outlook for the housing sector.
NZD/USD hit 0.8406 during late Asian trade, the pair's highest since November 6; the pair subsequently consolidated at 0.8379, climbing 0.52%.
The pair was likely to find support at 0.8268, the low of November 15 and resistance at 0.8446, the high of October 24.
On Friday, a report showed that the Federal Reserve’s Empire state manufacturing index fell to -2.21 from 1.52 in October. Economists had forecast a rise to 5.0.
The greenback also remained under pressure amid heightened expectations thahttp://www.investing.com/admin/content/newst the Fed will stick to its easy money policies for some time to come, after comments by Fed Chairwoman nominee Janet Yellen last week were seen as supportive of continued stimulus.
The kiwi was lower against the Australian dollar with AUD/NZD edging up 0.13%, to hit 1.1256.
Later in the day, the U.S. was to release private sector data on the outlook for the housing sector.