Investing.com - The New Zealand dollar slipped lower against its U.S. counterpart in light trade on Monday, as last week's strong U.S. employment data continued to support demand for the greenback.
NZD/USD hit 0.8714 during early European trade, the pair's lowest since June 25; the pair subsequently consolidated at 0.8729, slipping 0.12%.
The pair was likely to find support at 0.8662, the low of June 25 and resistance at 0.8777, the high of July 3.
The greenback remained supported after official data last week showed that the U.S. economy added 288,000 jobs last month, well above expectations for jobs growth of 212,000, while the unemployment rate ticked down to 6.1%, the lowest in almost six years.
The strong data sparked speculation that the Federal Reserve could bring forward its timetable for raising interest rates.
The kiwi was steady against the Australian dollar, with AUD/NZD inching up 0.04% to 1.0717.
Also Monday, industry data showed that Australian job advertisements rose 4.3% in June, after a 5.7% drop in May, whose figure was revised down from a previously estimated 5.6% decline.