Investing.com - The New Zealand dollar rose to nearly three-month highs against its U.S. counterpart on Monday, after data showed that New Zealand consumer price inflation rose in line with expectations in the last quarter.
NZD/USD hit 0.8142 during late Asian trade, the pair's highest since May 29; the pair subsequently consolidated at 0.8133, gaining 0.35%.
The pair was likely to find support at 0.8054, the low of August 16 and resistance at 0.8272, the high of May 16.
Official data earlier showed that consumer price inflation rose 0.6% in the second quarter, in line with expectations, after a 0.8% increase in the three months to March.
Meanwhile, investors were looking ahead to the minutes of the Federal Reserve's July meeting, due out on Wednesday, for further indications as to when the central bank may start to unwind its USD85 billion-a-month asset purchase program.
Expectations that the Fed may begin tapering as soon as September were boosted late last week after data showed that U.S. weekly jobless claims fell to an almost six year low.
The kiwi was higher against the euro with EUR/NZD shedding 0.39%, to hit 1.6377.
NZD/USD hit 0.8142 during late Asian trade, the pair's highest since May 29; the pair subsequently consolidated at 0.8133, gaining 0.35%.
The pair was likely to find support at 0.8054, the low of August 16 and resistance at 0.8272, the high of May 16.
Official data earlier showed that consumer price inflation rose 0.6% in the second quarter, in line with expectations, after a 0.8% increase in the three months to March.
Meanwhile, investors were looking ahead to the minutes of the Federal Reserve's July meeting, due out on Wednesday, for further indications as to when the central bank may start to unwind its USD85 billion-a-month asset purchase program.
Expectations that the Fed may begin tapering as soon as September were boosted late last week after data showed that U.S. weekly jobless claims fell to an almost six year low.
The kiwi was higher against the euro with EUR/NZD shedding 0.39%, to hit 1.6377.