Investing.com - The New Zealand dollar was almost unchanged against its U.S. counterpart on Thursday, as speculation the Federal Reserve could begin scaling back its stimulus program before the year end supported demand for the greenback.
NZD/USD hit 0.8351 during late Asian trade, the session low; the pair subsequently consolidated at 0.8377, dipping 0.01%.
The pair was likely to find support at 0.8260, the low of November 5 and resistance at 0.8446, the high of October 24.
Demand for the greenback continued to be underpinned after data on Tuesday showing that service sector activity in the U.S. grew at a faster than expected pace in October supported the view that the Fed could start scaling back stimulus as soon as next month.
The kiwi was higher against the Australian dollar with AUD/NZD declining 0.40%, to hit 1.1321.
The Aussie weakened after official data earlier showed that the number of employed people in Australia rose by 1,100 in October, confounding expectations for a 10,000 increase, after a downwardly revised 3,300 rise the previous month.
The report also showed that Australia's unemployment rate remained unchanged at 5.7% last month, in line with expectations, after September's rate was revised up from 5.6%.
Later in the day, the U.S. was to publish a preliminary estimate of third quarter gross domestic product, as well as the weekly report on initial jobless claims.
NZD/USD hit 0.8351 during late Asian trade, the session low; the pair subsequently consolidated at 0.8377, dipping 0.01%.
The pair was likely to find support at 0.8260, the low of November 5 and resistance at 0.8446, the high of October 24.
Demand for the greenback continued to be underpinned after data on Tuesday showing that service sector activity in the U.S. grew at a faster than expected pace in October supported the view that the Fed could start scaling back stimulus as soon as next month.
The kiwi was higher against the Australian dollar with AUD/NZD declining 0.40%, to hit 1.1321.
The Aussie weakened after official data earlier showed that the number of employed people in Australia rose by 1,100 in October, confounding expectations for a 10,000 increase, after a downwardly revised 3,300 rise the previous month.
The report also showed that Australia's unemployment rate remained unchanged at 5.7% last month, in line with expectations, after September's rate was revised up from 5.6%.
Later in the day, the U.S. was to publish a preliminary estimate of third quarter gross domestic product, as well as the weekly report on initial jobless claims.