Investing.com - The New Zealand dollar was steady against its U.S. counterpart on Monday, as sentiment remained mildly supported after the German Parliament approved a new aid package for Greece.
NZD/USD hit 0.8172 during European morning trade, the pair's lowest since November 23; the pair subsequently consolidated at 0.8205, edging up 0.04%.
The pair was likely to find support at 0.8152, the low of November 23 and resistance at 0.8238, the high of November 30.
Market sentiment found some support after German lawmakers approved the latest aid package for Greece by a large majority, clearing the way for the country to receive EUR44 billion in loans.
Euro zone finance ministers were to hold talks in Brussels later in the day to discuss the terms of the new Greek aid deal, as well as details of an EUR10 billion bailout for Cyprus.
Elsewhere, final data showed that China’s HSBC purchasing managers’ index came in at 50.5 in November from 49.5 in October, indicating that economic activity is picking up.
China is New Zealand's second biggest export partner.
The kiwi was higher against the Australian dollar with AUD/NZD falling 0.20%, to hit 1.2688.
Also Monday, official data showed that retail sales in Australia were flat in October, disappointing expectations for a 0.4% rise, following a 0.5% increase the previous month.
Industry data also showed that Australia job advertisements fell by 2.9% last month, after a 4.6% slump in October.
Later in the day, the Institute of Supply Management was to produce a report on manufacturing growth in the U.S.
NZD/USD hit 0.8172 during European morning trade, the pair's lowest since November 23; the pair subsequently consolidated at 0.8205, edging up 0.04%.
The pair was likely to find support at 0.8152, the low of November 23 and resistance at 0.8238, the high of November 30.
Market sentiment found some support after German lawmakers approved the latest aid package for Greece by a large majority, clearing the way for the country to receive EUR44 billion in loans.
Euro zone finance ministers were to hold talks in Brussels later in the day to discuss the terms of the new Greek aid deal, as well as details of an EUR10 billion bailout for Cyprus.
Elsewhere, final data showed that China’s HSBC purchasing managers’ index came in at 50.5 in November from 49.5 in October, indicating that economic activity is picking up.
China is New Zealand's second biggest export partner.
The kiwi was higher against the Australian dollar with AUD/NZD falling 0.20%, to hit 1.2688.
Also Monday, official data showed that retail sales in Australia were flat in October, disappointing expectations for a 0.4% rise, following a 0.5% increase the previous month.
Industry data also showed that Australia job advertisements fell by 2.9% last month, after a 4.6% slump in October.
Later in the day, the Institute of Supply Management was to produce a report on manufacturing growth in the U.S.