Investing.com - The New Zealand Dollar was higher against the U.S. Dollar on Wednesday after the release of N.Z. data on PPI Input.
NZD/USD was trading at 0.7651, up 0.12% at time of writing.
The pair was likely to find support at 0.7624, today’s low, and resistance at 0.7880, Friday’s high.
Earlier in the day, official data showed that New Zealand’s producer price inflation input rose to a seasonally adjusted 0.3% in the last quarter from 0.5% in the preceding quarter.
Analysts had expected N.Z. PPI input to remain unchanged at 0.0% in the last quarter.
Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.01% to hit 1.2968 and EUR/NZD falling 0.07% to hit 1.6628.
NZD/USD was trading at 0.7651, up 0.12% at time of writing.
The pair was likely to find support at 0.7624, today’s low, and resistance at 0.7880, Friday’s high.
Earlier in the day, official data showed that New Zealand’s producer price inflation input rose to a seasonally adjusted 0.3% in the last quarter from 0.5% in the preceding quarter.
Analysts had expected N.Z. PPI input to remain unchanged at 0.0% in the last quarter.
Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.01% to hit 1.2968 and EUR/NZD falling 0.07% to hit 1.6628.