Investing.com - The New Zealand dollar was lower against its U.S. counterpart on Tuesday, as a decline in Chinese imports added to concerns over perspectives for growth in the world’s second-largest economy.
NZD/USD hit 0.8194 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8202, falling 0.18%.
The pair was likely to find support at 0.8140, the low of April 6 and resistance at 0.8286, the high of March 19.
The kiwi came under pressure earlier after official data showed that China posted a trade surplus of USD5.35 billion last month, as imports grew just 5.3% after increasing by 39.6% in February.
Meanwhile, weaker-than-expected nonfarm employment data from the U.S. on Friday revived expectations that the Fed may conduct a fresh round of quantitative easing and added to uncertainty over the global economic recovery.
Government data showed that the U.S. economy added just 120,000 jobs in March, the lowest number since December and well below expectations for a 203,000 increase.
Elsewhere, the kiwi was fractionally lower against the Australian dollar with AUD/NZD edging up 0.02%, to hit 1.2553.
Also Tuesday, a report showed that an index of business confidence for Australia rose to 3 in March after a reading of 1 the previous month.
The data came after a separate report showed that job advertisements in Australia rose 1% in March after a 3.3% increase the previous month.
NZD/USD hit 0.8194 during late Asian trade, the daily low; the pair subsequently consolidated at 0.8202, falling 0.18%.
The pair was likely to find support at 0.8140, the low of April 6 and resistance at 0.8286, the high of March 19.
The kiwi came under pressure earlier after official data showed that China posted a trade surplus of USD5.35 billion last month, as imports grew just 5.3% after increasing by 39.6% in February.
Meanwhile, weaker-than-expected nonfarm employment data from the U.S. on Friday revived expectations that the Fed may conduct a fresh round of quantitative easing and added to uncertainty over the global economic recovery.
Government data showed that the U.S. economy added just 120,000 jobs in March, the lowest number since December and well below expectations for a 203,000 increase.
Elsewhere, the kiwi was fractionally lower against the Australian dollar with AUD/NZD edging up 0.02%, to hit 1.2553.
Also Tuesday, a report showed that an index of business confidence for Australia rose to 3 in March after a reading of 1 the previous month.
The data came after a separate report showed that job advertisements in Australia rose 1% in March after a 3.3% increase the previous month.