Investing.com - The New Zealand dollar was lower against its U.S. counterpart on Wednesday, as market sentiment weakened amid fresh concerns over the handling of Greece's financial woes.
NZD/USD hit 0.8127 during European morning trade, the pair's lowest since November 17; the pair subsequently consolidated at 0.8139, dropping 0.40%.
The pair was likely to find support at 0.8088, the low of November 14 and resistance at 0.8199, Tuesday's high.
Risk sentiment was hit after euro zone finance ministers failed to reach an agreement on releasing a delayed bailout payment for Greece.
Talks between euro zone finance ministers and the International Monetary Fund concluded on Tuesday without reaching a deal on unlocking Greece’s bailout package, amid disagreements on how best to reduce the country’s debt to sustainable levels.
The head of the eurogroup of finance ministers Jean-Claude Juncker said a deal was close he didn’t know when Athens would receive its next aid installment. The talks are set to continue next Monday.
Elsewhere, the kiwi was lower against the Australian dollar with AUD/NZD adding 0.14%, to hit 1.2730.
Also Wednesday, the Melbourne Institute said earlier that its leading index for Australia ticked up 0.7% in September after a 0.4% rise the previous month.
Later in the day, the U.S. was to release the weekly government report on initial jobless claims. This data was being released one day early ahead of the Thanksgiving holiday on Thursday.
NZD/USD hit 0.8127 during European morning trade, the pair's lowest since November 17; the pair subsequently consolidated at 0.8139, dropping 0.40%.
The pair was likely to find support at 0.8088, the low of November 14 and resistance at 0.8199, Tuesday's high.
Risk sentiment was hit after euro zone finance ministers failed to reach an agreement on releasing a delayed bailout payment for Greece.
Talks between euro zone finance ministers and the International Monetary Fund concluded on Tuesday without reaching a deal on unlocking Greece’s bailout package, amid disagreements on how best to reduce the country’s debt to sustainable levels.
The head of the eurogroup of finance ministers Jean-Claude Juncker said a deal was close he didn’t know when Athens would receive its next aid installment. The talks are set to continue next Monday.
Elsewhere, the kiwi was lower against the Australian dollar with AUD/NZD adding 0.14%, to hit 1.2730.
Also Wednesday, the Melbourne Institute said earlier that its leading index for Australia ticked up 0.7% in September after a 0.4% rise the previous month.
Later in the day, the U.S. was to release the weekly government report on initial jobless claims. This data was being released one day early ahead of the Thanksgiving holiday on Thursday.