Investing.com - The New Zealand dollar was lower against its U.S. counterpart on Thursday, as markets were awaiting the outcome of the European Central Bank's monthly policy meeting later in the day.
NZD/USD hit 0.8396 during late Asian trade, the pair's lowest since April 2; the pair subsequently consolidated at 0.8391, declining 0.32%.
The pair was likely to find support at 0.8378, the low of April 2 and resistance at 0.8432, the session high.
Investors remained cautious ahead of comments from ECB President Mario Draghi at the bank’s post-policy meeting press conference, amid concerns over the deteriorating economic outlook for the currency bloc and worries over the possible implications of the bailout deal for Cyprus.
The ECB was not expected to announce any changes to monetary policy on Thursday.
The kiwi was steady against the Australian dollar with AUD/NZD easing up 0.07%, to hit 1.2435.
Also Thursday, official data showed that building approvals in Australia rose 3.1% in February, beating expectations for a 2.4% increase, after a 2% decline the previous month.
A separate report showed that Australian retail sales advanced 1.3% in February, more than the expected 0.3% rise, following a 1.2% increase in January.
Later in the day, the U.S. was to release the weekly government report on initial jobless claims.
NZD/USD hit 0.8396 during late Asian trade, the pair's lowest since April 2; the pair subsequently consolidated at 0.8391, declining 0.32%.
The pair was likely to find support at 0.8378, the low of April 2 and resistance at 0.8432, the session high.
Investors remained cautious ahead of comments from ECB President Mario Draghi at the bank’s post-policy meeting press conference, amid concerns over the deteriorating economic outlook for the currency bloc and worries over the possible implications of the bailout deal for Cyprus.
The ECB was not expected to announce any changes to monetary policy on Thursday.
The kiwi was steady against the Australian dollar with AUD/NZD easing up 0.07%, to hit 1.2435.
Also Thursday, official data showed that building approvals in Australia rose 3.1% in February, beating expectations for a 2.4% increase, after a 2% decline the previous month.
A separate report showed that Australian retail sales advanced 1.3% in February, more than the expected 0.3% rise, following a 1.2% increase in January.
Later in the day, the U.S. was to release the weekly government report on initial jobless claims.