Investing.com - The New Zealand dollar was lower against its U.S. counterpart on Monday, as delays in negotiations between Greece and its private creditors on a debt swap deal weighed on market sentiment.
NZD/USD hit 0.8183 during late Asian trade, the pair’s lowest since January 26; the pair subsequently consolidated at 0.8188, retreating 0.70%.
The pair was likely to find support at 0.8140, the low of September 14 and resistance at 0.8249, the high of January 27.
Greek Finance Minister Evangelos Venizelos rejected on Sunday a German proposal to have a European Union commission review the country’s budget policy.
Earlier Monday, German Finance Minister Wolfgang Schaeuble said in the Wall Street Journal that the euro zone may refuse to grant Greece a fresh bailout unless it convinces Europe that it can fully implement commitments attached to earlier bailout packages.
Meanwhile, European Union leaders were to gather later in the day to finalize discussions on a German-led deficit-control treaty and sign off on a EUR500 billion permanent rescue fund to be set up this year.
The summit followed warnings at the economic forum that ended Sunday in Davos, Switzerland, that the time has come to end the euro zone’s debt crisis and that measures implemented until now are no longer enough.
The kiwi was higher against the Australian dollar with AUD/NZD shedding 0.24%, to hit 1.2891.
Also Monday, Fitch ratings agency placed Australia's four major banks on review for possible downgrade, citing weaker funding profiles than similarly rated peers and saying any downgrades would be "most likely" limited to one notch.
Later in the day, the U.S. was to publish government data on personal spending and the consumer price index.
NZD/USD hit 0.8183 during late Asian trade, the pair’s lowest since January 26; the pair subsequently consolidated at 0.8188, retreating 0.70%.
The pair was likely to find support at 0.8140, the low of September 14 and resistance at 0.8249, the high of January 27.
Greek Finance Minister Evangelos Venizelos rejected on Sunday a German proposal to have a European Union commission review the country’s budget policy.
Earlier Monday, German Finance Minister Wolfgang Schaeuble said in the Wall Street Journal that the euro zone may refuse to grant Greece a fresh bailout unless it convinces Europe that it can fully implement commitments attached to earlier bailout packages.
Meanwhile, European Union leaders were to gather later in the day to finalize discussions on a German-led deficit-control treaty and sign off on a EUR500 billion permanent rescue fund to be set up this year.
The summit followed warnings at the economic forum that ended Sunday in Davos, Switzerland, that the time has come to end the euro zone’s debt crisis and that measures implemented until now are no longer enough.
The kiwi was higher against the Australian dollar with AUD/NZD shedding 0.24%, to hit 1.2891.
Also Monday, Fitch ratings agency placed Australia's four major banks on review for possible downgrade, citing weaker funding profiles than similarly rated peers and saying any downgrades would be "most likely" limited to one notch.
Later in the day, the U.S. was to publish government data on personal spending and the consumer price index.