Investing.com - New Zealand's dollar rose to a 3-day high against its U.S. counterpart on Tuesday, following a flurry of mostly worse-than-expected U.S. economic data.
NZD/USD hit 0.7378 during European afternoon trade, the pair's highest since September 23; the pair subsequently consolidated at 0.7376, gaining 0.41%.
The pair was likely to find support at 0.7271, the low of September 24 and resistance at 0.7415, the high of September 22.
Earlier in the day, the Conference Board said its index of U.S. consumer sentiment fell more-than-expected in September, falling to 48.5 after rising to a revised 53.2 in August. Analysts had expected the index to decline to 52.9 in September.
Commenting on the report, Lynn Franco, Director of The Conference Board Consumer Research Center said, "Overall, consumers’ confidence in the state of the economy remains quite grim.
Elsewhere, a separate report showed that U.S. house prices fell less-than-expected in July, while the Richmond Manufacturing Index fell more-than-expected in September.
Meanwhile, the kiwi was down against the euro, with EUR/NZD gaining 0.25% to hit 1.8362.
Later in the day, New Zealand was to release data on its trade balance.
NZD/USD hit 0.7378 during European afternoon trade, the pair's highest since September 23; the pair subsequently consolidated at 0.7376, gaining 0.41%.
The pair was likely to find support at 0.7271, the low of September 24 and resistance at 0.7415, the high of September 22.
Earlier in the day, the Conference Board said its index of U.S. consumer sentiment fell more-than-expected in September, falling to 48.5 after rising to a revised 53.2 in August. Analysts had expected the index to decline to 52.9 in September.
Commenting on the report, Lynn Franco, Director of The Conference Board Consumer Research Center said, "Overall, consumers’ confidence in the state of the economy remains quite grim.
Elsewhere, a separate report showed that U.S. house prices fell less-than-expected in July, while the Richmond Manufacturing Index fell more-than-expected in September.
Meanwhile, the kiwi was down against the euro, with EUR/NZD gaining 0.25% to hit 1.8362.
Later in the day, New Zealand was to release data on its trade balance.