Investing.com - The New Zealand dollar was higher against its U.S. counterpart on Monday, but gains were capped by concerns over the euro zone’s financial crisis amid uncertainty over Greece debt talks.
NZD/USD hit 0.8079 during late Asian trade, the pair’s highest since January 18; the pair subsequently consolidated at 0.8078, adding 0.18%.
The pair was likely to find support at 0.8000, the low of January 19 and resistance at 0.8108, the high of October 24.
On Sunday, Greece’s creditors said they had reached their maximum offer for a voluntary debt swop and said it was now up to the European Union and the International Monetary Fund to agree on whether they can accept the deal.
EU finance ministers were to meet in Brussels later in the day to discuss the terms of the debt restructuring package, which is a precondition for Athens to receive its next tranche of bailout funds.
Meanwhile, the kiwi was higher against the Australian dollar with AUD/NZD retreating 0.06%, to hit 1.2994.
Also Monday, official data showed that producer price inflation in Australia rose less-than-expected in the fourth quarter, ticking up 0.3% after a 0.6% rise the previous quarter.
Analysts had expected Australia’s PPI to rise 0.4% in the fourth quarter.
Financial markets in China, Hong Kong, South Korea, Taiwan and
Singapore were closed to welcome in the Chinese Year of the Dragon.
NZD/USD hit 0.8079 during late Asian trade, the pair’s highest since January 18; the pair subsequently consolidated at 0.8078, adding 0.18%.
The pair was likely to find support at 0.8000, the low of January 19 and resistance at 0.8108, the high of October 24.
On Sunday, Greece’s creditors said they had reached their maximum offer for a voluntary debt swop and said it was now up to the European Union and the International Monetary Fund to agree on whether they can accept the deal.
EU finance ministers were to meet in Brussels later in the day to discuss the terms of the debt restructuring package, which is a precondition for Athens to receive its next tranche of bailout funds.
Meanwhile, the kiwi was higher against the Australian dollar with AUD/NZD retreating 0.06%, to hit 1.2994.
Also Monday, official data showed that producer price inflation in Australia rose less-than-expected in the fourth quarter, ticking up 0.3% after a 0.6% rise the previous quarter.
Analysts had expected Australia’s PPI to rise 0.4% in the fourth quarter.
Financial markets in China, Hong Kong, South Korea, Taiwan and
Singapore were closed to welcome in the Chinese Year of the Dragon.