Investing.com - The New Zealand dollar was close to a four-month high against the U.S. dollar on Tuesday, as market sentiment firmed up on the back of optimism that a Greek debt restructuring deal is imminent.
NZD/USD hit 0.8260 during late Asian trade, the pair’s highest since Friday, the pair subsequently consolidated at 0.8258, jumping 0.82%.
The pair was likely to find support at 0.8179, the session low and resistance at 0.8340, the high of September 16, 2011.
Speaking at a European Union summit, Greek Prime Minister Lucas Papademos said "significant progress” had been made in debt-swap talks with the country’s private creditors.
Papademos added that the talks will continue, with the aim of reaching a final agreement this week.
Meanwhile, EU leaders agreed on its fiscal union pact and signed off on the details of a EUR500 billion permanent bailout fund for the euro zone.
The kiwi was also higher against its Australian cousin, with AUD/NZD shedding 0.22% to hit 1.2900.
Earlier Tuesday, a report showed that Australian business confidence edged slightly higher in December, indicating that two successive rate cuts by the country’s central bank have supported a recovery in economic sentiment.
NZD/USD hit 0.8260 during late Asian trade, the pair’s highest since Friday, the pair subsequently consolidated at 0.8258, jumping 0.82%.
The pair was likely to find support at 0.8179, the session low and resistance at 0.8340, the high of September 16, 2011.
Speaking at a European Union summit, Greek Prime Minister Lucas Papademos said "significant progress” had been made in debt-swap talks with the country’s private creditors.
Papademos added that the talks will continue, with the aim of reaching a final agreement this week.
Meanwhile, EU leaders agreed on its fiscal union pact and signed off on the details of a EUR500 billion permanent bailout fund for the euro zone.
The kiwi was also higher against its Australian cousin, with AUD/NZD shedding 0.22% to hit 1.2900.
Earlier Tuesday, a report showed that Australian business confidence edged slightly higher in December, indicating that two successive rate cuts by the country’s central bank have supported a recovery in economic sentiment.