Investing.com - The New Zealand Dollar was higher against the U.S. Dollar on Wednesday after the release of U.S. data on Core CPI.
NZD/USD was trading at 0.7975, up 0.21% at time of writing.
The pair was likely to find support at 0.7862, Tuesday’s low, and resistance at 0.8068, Monday’s high.
Earlier in the day, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.
Analysts had expected U.S. core CPI to rise 0.2% last month.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.09% to hit 1.2910 and EUR/NZD rising 0.08% to hit 1.7297.
NZD/USD was trading at 0.7975, up 0.21% at time of writing.
The pair was likely to find support at 0.7862, Tuesday’s low, and resistance at 0.8068, Monday’s high.
Earlier in the day, official data showed that core consumer price inflation in the U.S. rose less-than-expected to a seasonally adjusted 0.1% last month from 0.2% in the preceding month.
Analysts had expected U.S. core CPI to rise 0.2% last month.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.09% to hit 1.2910 and EUR/NZD rising 0.08% to hit 1.7297.