Investing.com - The New Zealand dollar slipped lower against its U.S. counterpart on Tuesday, as market sentiment remained under pressure amid mounting tensions in Ukraine and violence in the Middle East.
NZD/USD hit 0.8673 during late Asian trade, the pair's lowest since July 18; the pair subsequently consolidated at 0.8681, easing 0.10%.
The pair was likely to find support at 0.8654, the low of July 18 and resistance at 0.8720, Monday's high.
Markets were jittery as tensions between Russia and the West remained high in the wake of the downing of a Malaysian airliner in eastern Ukraine late last week, while Israel’s ground offensive in Gaza was also in focus.
The kiwi was lower against the Australian dollar, with AUD/NZD rising 0.32% to 1.0821.
Also Tuesday, Reserve Bank of Australia Governor Stevens said he is content with the current monetary policy setting and stands ready to do more if needed.
Mr. Stevens was speaking at a conference in Sydney.
Later in the day, the U.S. was to release reports on consumer price inflation and existing home sales.