Investing.com - The New Zealand dollar was higher against its U.S. counterpart on Thursday, after the release of positive employment data out of New Zealand, while Wednesday's strong German economic data eased concerns over the financial situation in the euro zone.
NZD/USD hit 0.8482 during late Asian trade, the session high; the pair subsequently consolidated at 0.8462, climbing 0.72%.
The pair was likely to find support at 0.8416, the low of April 24 and resistance at 0.8524, the high of May 7.
Official data showed that the number of employed people in New Zealand rose by 1.7% in the first quarter, beating expectations for a 0.8% increase, after a 1% decline in the previous quarter.
A separate report showed that New Zealand's unemployment rate fell to 6.2% in the last quarter, from 6.9% in the fourth quarter, compared to expectations for a decline to 6.8%.
Elsewhere, German industrial output jumped 1.2% in March data on Wednesday showed, confounding expectations for a 0.1% decline.
The data fuelled optimism over the outlook for first quarter growth in the euro zone’s largest economy after Germany’s gross domestic product contracted by 0.5% in the three months to December.
The kiwi was higher against the euro with EUR/NZD shedding 0.66%, to hit 1.5547.
Later in the day, the U.S. was to release official data on initial jobless claims.
NZD/USD hit 0.8482 during late Asian trade, the session high; the pair subsequently consolidated at 0.8462, climbing 0.72%.
The pair was likely to find support at 0.8416, the low of April 24 and resistance at 0.8524, the high of May 7.
Official data showed that the number of employed people in New Zealand rose by 1.7% in the first quarter, beating expectations for a 0.8% increase, after a 1% decline in the previous quarter.
A separate report showed that New Zealand's unemployment rate fell to 6.2% in the last quarter, from 6.9% in the fourth quarter, compared to expectations for a decline to 6.8%.
Elsewhere, German industrial output jumped 1.2% in March data on Wednesday showed, confounding expectations for a 0.1% decline.
The data fuelled optimism over the outlook for first quarter growth in the euro zone’s largest economy after Germany’s gross domestic product contracted by 0.5% in the three months to December.
The kiwi was higher against the euro with EUR/NZD shedding 0.66%, to hit 1.5547.
Later in the day, the U.S. was to release official data on initial jobless claims.