Investing.com – The New Zealand dollar climbed to a seven-day high against its U.S. counterpart on Tuesday, as risk appetite recovered, bolstered by signs of progress in resolving Japan’s nuclear crisis.
NZD/USD hit 0.7426 during late Asian trade, the pair’s highest since March 11; the pair subsequently consolidated at 0.7401, gaining 0.61%.
The pair was likely to find support at 0.7292, Monday’s low and resistance at 0.7454, the high of March 11.
Earlier in the day, Tokyo Electric Power Co., the operator of the stricken Fukushima Daiichi nuclear power plant, said it expected workers to restore power to parts of the building housing the most damaged reactors later in the day.
The greenback was also weighed by higher oil prices as widening unrest in the Middle East fuelled fears over supply disruptions.
The kiwi was also up against the yen, with NZD/JPY climbing 0.66% to hit 59.98.
Later Tuesday, New Zealand was to publish official data on its current account balance.
NZD/USD hit 0.7426 during late Asian trade, the pair’s highest since March 11; the pair subsequently consolidated at 0.7401, gaining 0.61%.
The pair was likely to find support at 0.7292, Monday’s low and resistance at 0.7454, the high of March 11.
Earlier in the day, Tokyo Electric Power Co., the operator of the stricken Fukushima Daiichi nuclear power plant, said it expected workers to restore power to parts of the building housing the most damaged reactors later in the day.
The greenback was also weighed by higher oil prices as widening unrest in the Middle East fuelled fears over supply disruptions.
The kiwi was also up against the yen, with NZD/JPY climbing 0.66% to hit 59.98.
Later Tuesday, New Zealand was to publish official data on its current account balance.