Investing.com - The New Zealand dollar steady against its U.S. counterpart on Thursday, as hopes for a breakthrough on a Greek bailout deal persisted but the kiwi’s gains were limited after disappointing New Zealand employment data.
NZD/USD hit 0.8373 during late Asian trade, the daily high; the pair subsequently consolidated at 0.8356, edging up 0.05%.
The pair was likely to find support at 0.8309, the low of February 2 and resistance at 0.8405, Wednesday’s high.
Following discussions on Wednesday, Greek political leaders agreed on all points of a bailout package except on pension cuts. Officials said talks with international lenders would continue so a deal could be concluded before a meeting of euro zone finance ministers later in the day.
Meanwhile, official data showed earlier that the number of employed people in New Zealand rose less-than-expected in the fourth quarter, ticking up 0.1% after a 0.2% rise the previous quarter.
Analysts had expected employment change to rise 0.4% in the fourth quarter.
The report also said that New Zealand’s unemployment rate eased to 6.3% from 6.6% the previous quarter, surpassing expectations for a reading at 6.5%.
The kiwi was fractionally lower against the euro with EUR/NZD inching 0.01% higher, to hit 1.5893.
Later in the day, the U.S. was to publish government data on unemployment claims.
NZD/USD hit 0.8373 during late Asian trade, the daily high; the pair subsequently consolidated at 0.8356, edging up 0.05%.
The pair was likely to find support at 0.8309, the low of February 2 and resistance at 0.8405, Wednesday’s high.
Following discussions on Wednesday, Greek political leaders agreed on all points of a bailout package except on pension cuts. Officials said talks with international lenders would continue so a deal could be concluded before a meeting of euro zone finance ministers later in the day.
Meanwhile, official data showed earlier that the number of employed people in New Zealand rose less-than-expected in the fourth quarter, ticking up 0.1% after a 0.2% rise the previous quarter.
Analysts had expected employment change to rise 0.4% in the fourth quarter.
The report also said that New Zealand’s unemployment rate eased to 6.3% from 6.6% the previous quarter, surpassing expectations for a reading at 6.5%.
The kiwi was fractionally lower against the euro with EUR/NZD inching 0.01% higher, to hit 1.5893.
Later in the day, the U.S. was to publish government data on unemployment claims.