Investing.com - The New Zealand dollar rose a two-day high against its U.S. counterpart on Wednesday, supported by the Bank of Japan's decision to implement fresh monetary easing, although concerns over Spain's financial woes continued to weigh.
NZD/USD hit 0.8295 during late Asian trade, the pair's highest since September 17; the pair subsequently consolidated at 0.8288, edging up 0.20%.
The pair was likely to find support at 0.8236, Tuesday's low and resistance at 0.8353, the high of September 14 and a six-month high.
The BoJ said earlier that it was boosting the size of its asset-purchase program by JPY10 trillion, in an effort to boost slowing economic activity and to counter the strengthening yen.
In a statement accompanying the policy decision, the bank said the pickup in economic activity has “come to a pause” as overseas economies moved deeper into slowdown, and that the activity was “expected to level off, more or less.”
Meanwhile, risk sentiment remained under pressure amid reports Spanish Prime Minister Mariano Rajoy is uncertain about asking for help from the European Central Bank's new bond-purchasing program, which would mean signing up to a permanent bailout fund.
In New Zealand, official data showed earlier that the current account deficit widened more-than-expected in the second quarter, falling to NZD180 billion from a deficit of NZD1.07 billion in the previous quarter.
Analysts had expected the current account deficit to widen to NZD1.64 billion in the second quarter.
The kiwi was steady against the euro with EUR/NZD dipping 0.01%, to hit 1.5770.
Later in the day, the U.S. was to publish official data on building permits and on housing starts, followed by government data on crude oil stockpiles, as well as an industry report on existing home sales.
NZD/USD hit 0.8295 during late Asian trade, the pair's highest since September 17; the pair subsequently consolidated at 0.8288, edging up 0.20%.
The pair was likely to find support at 0.8236, Tuesday's low and resistance at 0.8353, the high of September 14 and a six-month high.
The BoJ said earlier that it was boosting the size of its asset-purchase program by JPY10 trillion, in an effort to boost slowing economic activity and to counter the strengthening yen.
In a statement accompanying the policy decision, the bank said the pickup in economic activity has “come to a pause” as overseas economies moved deeper into slowdown, and that the activity was “expected to level off, more or less.”
Meanwhile, risk sentiment remained under pressure amid reports Spanish Prime Minister Mariano Rajoy is uncertain about asking for help from the European Central Bank's new bond-purchasing program, which would mean signing up to a permanent bailout fund.
In New Zealand, official data showed earlier that the current account deficit widened more-than-expected in the second quarter, falling to NZD180 billion from a deficit of NZD1.07 billion in the previous quarter.
Analysts had expected the current account deficit to widen to NZD1.64 billion in the second quarter.
The kiwi was steady against the euro with EUR/NZD dipping 0.01%, to hit 1.5770.
Later in the day, the U.S. was to publish official data on building permits and on housing starts, followed by government data on crude oil stockpiles, as well as an industry report on existing home sales.