Investing.com – The New Zealand dollar was unchanged against its U.S. counterpart on Monday, as sentiment was weighed by ongoing concerns over the euro zone sovereign debt crisis.
NZD/USD hit 0.7626 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7595, dipping 0.01%.
The pair was likely to find support at 0.7548, Friday’s low and resistance at 0.768, last Wednesday’s high.
Earlier in the day, Statistics New Zealand said the goods trade surplus for the 12 months to November was NZD1.35 billion, compared with a deficit of NZD863 million a year earlier. Economists had expected a NZD1.31 billion surplus.
Dairy exports, which make up a fifth of overseas sales, rose 32% year-on-year to NZD997 million, while lumber exports increased 33%.
Exports of all goods to China, the second-largest market for New Zealand after Australia, increased 46% to NZD421 million, the report showed.
Meanwhile, the kiwi was slightly higher against the euro, with EUR/NZD sliding 0.04% to hit 1.6976.
Later in the day, New Zealand was to publish official data on building consents while the New Zealand Institute of Economic Research was to publish its Quarterly Survey of Business Opinion.
NZD/USD hit 0.7626 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7595, dipping 0.01%.
The pair was likely to find support at 0.7548, Friday’s low and resistance at 0.768, last Wednesday’s high.
Earlier in the day, Statistics New Zealand said the goods trade surplus for the 12 months to November was NZD1.35 billion, compared with a deficit of NZD863 million a year earlier. Economists had expected a NZD1.31 billion surplus.
Dairy exports, which make up a fifth of overseas sales, rose 32% year-on-year to NZD997 million, while lumber exports increased 33%.
Exports of all goods to China, the second-largest market for New Zealand after Australia, increased 46% to NZD421 million, the report showed.
Meanwhile, the kiwi was slightly higher against the euro, with EUR/NZD sliding 0.04% to hit 1.6976.
Later in the day, New Zealand was to publish official data on building consents while the New Zealand Institute of Economic Research was to publish its Quarterly Survey of Business Opinion.