Investing.com - The New Zealand dollar rose against its U.S. counterpart on Thursday, boosted by upbeat New Zealand building consents data, while the U.S. dollar's weakness against the yen led the greenback lower against all the other major currencies.
NZD/USD hit 0.8126 during late Asian trade, the session high; the pair subsequently consolidated at 0.8110, adding 0.16%.
The pair was likely to find support at 0.8054, Wednesday's low and resistance at 0.8163, Wednesday's high.
Official data showed that building consents in New Zealand rose 18.5% last month, after a 8.3% decline the previous month.
Meanwhile, investors were looking ahead to the weekly U.S. report on jobless claims later in the global day amid ongoing speculation over whether the Federal Reserve is moving closer to scaling back its USD85 billion-a-month asset purchase program.
The kiwi was lower against the Australian dollar with AUD/NZD rising 0.21%, to hit 1.1924.
Also Thursday, official data showed that building approvals in Australia rose 9.1% in April, beating expectations for a 4% increase, after a 5.5% decline the previous month.
A separate report showed that private capital expenditure in Australia fell 4.7% in the first quarter, compared to expectations for a 0.8% rise, after a 2.1% decline in the previous quarter.
Later Thursday, the U.S. was to release data on pending home sales.
NZD/USD hit 0.8126 during late Asian trade, the session high; the pair subsequently consolidated at 0.8110, adding 0.16%.
The pair was likely to find support at 0.8054, Wednesday's low and resistance at 0.8163, Wednesday's high.
Official data showed that building consents in New Zealand rose 18.5% last month, after a 8.3% decline the previous month.
Meanwhile, investors were looking ahead to the weekly U.S. report on jobless claims later in the global day amid ongoing speculation over whether the Federal Reserve is moving closer to scaling back its USD85 billion-a-month asset purchase program.
The kiwi was lower against the Australian dollar with AUD/NZD rising 0.21%, to hit 1.1924.
Also Thursday, official data showed that building approvals in Australia rose 9.1% in April, beating expectations for a 4% increase, after a 5.5% decline the previous month.
A separate report showed that private capital expenditure in Australia fell 4.7% in the first quarter, compared to expectations for a 0.8% rise, after a 2.1% decline in the previous quarter.
Later Thursday, the U.S. was to release data on pending home sales.