Investing.com - The New Zealand dollar was lower against its U.S. counterpart on Wednesday, as markets were jittery ahead of congressional testimony on the economy by Federal Reserve Chairman Ben Bernanke later in the day.
NZD/USD hit 0.8136 during late Asian trade, the session low; the pair subsequently consolidated at 0.8144, sliding 0.30%.
The pair was likely to find support at 0.8081, the low of May 20 and resistance at 0.8213, Tuesday's high.
Investors remained cautious ahead testimony at the U.S. Joint Economic Committee by Ben Bernanke, amid speculation over whether the U.S. central bank will begin to scale back its asset purchase program this year.
The minutes of the Fed’s May meeting are to be released later in the trading day.
On Tuesday, St. Louis Fed President James Bullard said the Fed should continue its bond buying and make adjustments as the economy changes.
The kiwi was steady against the Australian dollar with AUD/NZD dipping 0.03%, to hit 1.2001.
Also Wednesday, the Westpac Banking Corporation said consumer sentiment in Australia fell 7.0% in May, after a 5.10% decline the previous month.
NZD/USD hit 0.8136 during late Asian trade, the session low; the pair subsequently consolidated at 0.8144, sliding 0.30%.
The pair was likely to find support at 0.8081, the low of May 20 and resistance at 0.8213, Tuesday's high.
Investors remained cautious ahead testimony at the U.S. Joint Economic Committee by Ben Bernanke, amid speculation over whether the U.S. central bank will begin to scale back its asset purchase program this year.
The minutes of the Fed’s May meeting are to be released later in the trading day.
On Tuesday, St. Louis Fed President James Bullard said the Fed should continue its bond buying and make adjustments as the economy changes.
The kiwi was steady against the Australian dollar with AUD/NZD dipping 0.03%, to hit 1.2001.
Also Wednesday, the Westpac Banking Corporation said consumer sentiment in Australia fell 7.0% in May, after a 5.10% decline the previous month.