Investing.com - The New Zealand dollar edged lower against its U.S. counterpart on Wednesday, hovering close to a five-year trough after euro zone officials gave Greece until Thursday to present new proposals to secure a deal with creditors.
NZD/USD hit 0.6622 during late Asian trade, the session low; the pair subsequently consolidated at 0.6644, slipping 0.08%.
The pair was likely to find support at 0.6621, Tuesday's low and a five-year low and resistance at 0.6715, the high of July 6.
The euro zone had expected Greece to submit fresh plans on Tuesday after its voters rejected a deal in a referendum, but no new proposals were tabled.
European Council President Donald Tusk said this was now the "most critical moment in the history of the euro zone".
A meeting of all 28 members of the European Union was also scheduled for Sunday - a day after the new Greek proposals are expected to be discussed by euro zone finance ministers.
Meanwhile, the greenback also remained supported after data on Tuesday showed that the U.S. trade deficit widened less-than-expected in May.
The U.S. Bureau of Economic Analysis reported that the trade deficit rose to $41.87 billion in May from a revised deficit of $40.7 billion in April. Analysts had expected the trade deficit to widen to $42.6 billion in May.
The kiwi was higher against the Australian dollar, with AUD/NZD declining 0.67% to 1.1133.