Investing.com - The New Zealand dollar slipped lower against its U.S. counterpart on Monday, weighed by the release of disappointing Chinese manufacturing data, although sentiment on the greenback also remained vulnerable.
NZD/USD hit 0.8649 during late Asian trade, the sesion low; the pair subsequently consolidated at 0.8656, falling 0.09%.
The pair was likely to find support at 0.8549, the low of April 30 and resistance at 0.8746, the high of April 10.
Data showed that China’s HSBC manufacturing purchasing managers’ index came in at 48.1, down from a preliminary estimate of 48.3 and missing forecasts for an uptick to 48.4.
China is New Zealand's second biggest export partner.
In the U.S. official data on Friday showed that the economy added 288,000 jobs in April, well above expectations for jobs growth of 210,000, while the unemployment rate dropped to a five-and-a-half year low of 6.3%.
The greenback came under pressure however, as the report also showed that the labor force participation rate, which measures the proportion of people either working or looking for work, fell and wage growth weakened.
The kiwi was lower against the Australian dollar, with AUD/NZD edging up 0.17% to 1.0722.
Also Monday, official data showed that building approvals in Australia dropped 3.5% in March, compared to expectations for a 1% rise. Building approvals in February were revised down to a 5.4% decline from a previously estimated 5% drop.
A separate report showed that job advertisements in Australia rose 2.2% in April, after a 1.4% increase the previous month.
Later in the day, the Institute of Supply Management was to publish a report on U.S. service sector activity.