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Forex - NZD/USD slips but remains close to 6-week highs

Published 10/08/2015, 02:34 AM
Kiwi edges lower vs. greenback but losses seen limited
NZD/USD
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AUD/NZD
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Investing.com - The New Zealand dollar slipped lower against its U.S. counterpart on Thursday, but remained within close distance of a six-week peak as sentiment on the greenback remained fragile amid declining expectations for a U.S. rate hike before the end of the year.

NZD/USD hit 0.6586 during late Asian trade, the session low; the pair subsequently consolidated at 0.6596, down 0.21%.

The pair was likely to find support at 0.6475, the low of October 6 and resistance at 0.6649, Wednesday's high and a six-week high.

The greenback remained under pressure by diminished expectations for a rate hike by the Fed this year in the wake of last Friday's unexpectedly weak U.S. jobs report for September.

Market participants were eyeing the minutes of the Fed's latest policy meeting, due later in the day, for further indications on the central bank's next policy moves.

The kiwi was higher against the Australian dollar, with AUD/NZD slipping 0.14% to 1.0886.

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