Investing.com - The New Zealand dollar was higher against its U.S. counterpart on Thursday, but gains were limited by disappointing New Zealand business confidence data and as concerns over a potential military strike on Syria continued to weigh on sentiment.
NZD/USD hit 1.7840 during late Asian trade, the pair's highest since August 27; the pair subsequently consolidated at 0.7817, gaining 0.23%.
The pair was likely to find support at 0.7745, Wednesday's low and resistance at 0.7918, the high of August 6.
Data showed that the ANZ business confidence index for New Zealand fell to 48.1 in August, from a reading of 52.8 the previous month.
Meanwhile, investors remained cautious amid signs of an impending U.S. military strike against Syria, following the alleged use of chemical weapons.
On Wednesday, President Barack Obama said the U.S. has concluded that the Syrian government carried out a chemical weapons attack near Damascus, but added that he had not yet made a decision about whether to intervene militarily.
The kiwi was also higher against the euro with EUR/NZD retreating 0.75%, to hit 1.6976.
Later in the day, the U.S. was to publish revised data on second quarter growth and the weekly report on initial jobless claims.
NZD/USD hit 1.7840 during late Asian trade, the pair's highest since August 27; the pair subsequently consolidated at 0.7817, gaining 0.23%.
The pair was likely to find support at 0.7745, Wednesday's low and resistance at 0.7918, the high of August 6.
Data showed that the ANZ business confidence index for New Zealand fell to 48.1 in August, from a reading of 52.8 the previous month.
Meanwhile, investors remained cautious amid signs of an impending U.S. military strike against Syria, following the alleged use of chemical weapons.
On Wednesday, President Barack Obama said the U.S. has concluded that the Syrian government carried out a chemical weapons attack near Damascus, but added that he had not yet made a decision about whether to intervene militarily.
The kiwi was also higher against the euro with EUR/NZD retreating 0.75%, to hit 1.6976.
Later in the day, the U.S. was to publish revised data on second quarter growth and the weekly report on initial jobless claims.