Investing.com - The New Zealand dollar was steady against its U.S. counterpart on Tuesday, trading near three-week highs, supported by upbeat industrial production data out of China and as worries over an immnent U.S. strike against Syria subsided.
NZD/USD hit 0.8061 during late Asian trade, the pair's highest since August 14; the pair subsequently consolidated at 0.8022, adding 0.05%.
The pair was likely to find support at 0.7944, the low of August 20 and resistance at 0.8162, the high of August 19.
Market sentiment was boosted after U.S. President Barack Obama said he would put plans for a military strike against Syria on hold if the country agrees to a Russian proposal to place its chemical weapons under international control.
Separately, industrial production in China rose 10.4% last month, beating expectations for a 9.9% increase and accelerating from a 9.7% gain in July.
China is New Zealand's second biggest export partner.
Meanwhile, the greenback remained under pressure after the latest U.S. nonfarm payrolls report showed that the economy added fewer jobs than expected in August.
The kiwi was lower against the Australian dollar with AUD/NZD edging up 0.17%, to hit 1.1533.
Also Tuesday, the National Australia Bank said its business confidence index rose to 6 in August from a reading of minus 3 the previous month, hitting its highest level since June 2011.
NZD/USD hit 0.8061 during late Asian trade, the pair's highest since August 14; the pair subsequently consolidated at 0.8022, adding 0.05%.
The pair was likely to find support at 0.7944, the low of August 20 and resistance at 0.8162, the high of August 19.
Market sentiment was boosted after U.S. President Barack Obama said he would put plans for a military strike against Syria on hold if the country agrees to a Russian proposal to place its chemical weapons under international control.
Separately, industrial production in China rose 10.4% last month, beating expectations for a 9.9% increase and accelerating from a 9.7% gain in July.
China is New Zealand's second biggest export partner.
Meanwhile, the greenback remained under pressure after the latest U.S. nonfarm payrolls report showed that the economy added fewer jobs than expected in August.
The kiwi was lower against the Australian dollar with AUD/NZD edging up 0.17%, to hit 1.1533.
Also Tuesday, the National Australia Bank said its business confidence index rose to 6 in August from a reading of minus 3 the previous month, hitting its highest level since June 2011.