Investing.com - The New Zealand dollar slid against its U.S. counterpart on Monday, as investors were cautious ahead of Greece’s deadline to accept the conditions required for a second bailout deal.
NZD/USD hit 0.8294 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8307, shedding 0.63%.
The pair was likely to find support at 0.8260, the low of August 24 and resistance at 0.8378, the high of February 3.
Greek political leaders had to decide whether they accept the conditions laid out by the country’s international creditors by 11a.m. local time on Monday, in order to secure a EUR130 billion aid package.
Over the weekend Greek Prime Minister Lucas Papademos said coalition members had agreed on some conditions, but others still needed to be addressed.
Greece needs to secure an agreement with its private creditors on a debt swap deal in order to receive its next tranche of bailout funds in order to avoid a default when a EUR14.5 billion bond repayment comes due on March 20.
Meanwhile, the kiwi was lower against the Australian dollar with AUD/NZD adding 0.14%, to hit 1.2905.
Also Monday, official data showed that Australian retail sales declined unexpectedly in December, ticking down 0.1% after a 0.1% rise the previous month.
Analysts had expected retail sales to rise 0.2% in December.
NZD/USD hit 0.8294 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8307, shedding 0.63%.
The pair was likely to find support at 0.8260, the low of August 24 and resistance at 0.8378, the high of February 3.
Greek political leaders had to decide whether they accept the conditions laid out by the country’s international creditors by 11a.m. local time on Monday, in order to secure a EUR130 billion aid package.
Over the weekend Greek Prime Minister Lucas Papademos said coalition members had agreed on some conditions, but others still needed to be addressed.
Greece needs to secure an agreement with its private creditors on a debt swap deal in order to receive its next tranche of bailout funds in order to avoid a default when a EUR14.5 billion bond repayment comes due on March 20.
Meanwhile, the kiwi was lower against the Australian dollar with AUD/NZD adding 0.14%, to hit 1.2905.
Also Monday, official data showed that Australian retail sales declined unexpectedly in December, ticking down 0.1% after a 0.1% rise the previous month.
Analysts had expected retail sales to rise 0.2% in December.