Investing.com - The New Zealand dollar was lower against its U.S. counterpart on Thursday, as disappointing manufacturing data from China weighed, while the minutes of the Federal Reserve's most recent policy meeting sent the greenback broadly higher.
NZD/USD hit 0.8238 during late Asian trade, the pair's lowest since November 14; the pair subsequently consolidated at 0.8242, sliding 0.34%.
The pair was likely to find support at 0.8170, the low of November 12 and a two-month low and resistance at 0.8342, the high of November 15.
Data showed that China’s HSBC manufacturing index ticked down to 50.4 in November, from a final reading of 50.9 in October, missing forecasts for a reading of 50.8.
China is New Zealand's second biggest export partner.
Meanwhile, the greenback remained supported after Fed policymakers said they could start scaling back the USD85 billion-a-month asset purchase program in the “coming months” if the economy continues to improve as expected.
The kiwi was higher against the Australian dollar with AUD/NZD edging down 0.10%, to hit 1.1272.
Later in the day, the U.S. was release data on producer price inflation, as well as the weekly report on initial jobless claims and data manufacturing activity from the Philly Fed.
NZD/USD hit 0.8238 during late Asian trade, the pair's lowest since November 14; the pair subsequently consolidated at 0.8242, sliding 0.34%.
The pair was likely to find support at 0.8170, the low of November 12 and a two-month low and resistance at 0.8342, the high of November 15.
Data showed that China’s HSBC manufacturing index ticked down to 50.4 in November, from a final reading of 50.9 in October, missing forecasts for a reading of 50.8.
China is New Zealand's second biggest export partner.
Meanwhile, the greenback remained supported after Fed policymakers said they could start scaling back the USD85 billion-a-month asset purchase program in the “coming months” if the economy continues to improve as expected.
The kiwi was higher against the Australian dollar with AUD/NZD edging down 0.10%, to hit 1.1272.
Later in the day, the U.S. was release data on producer price inflation, as well as the weekly report on initial jobless claims and data manufacturing activity from the Philly Fed.