Investing.com - The New Zealand dollar slipped lower against its U.S. counterpart on Tuesday, as demand for the greenback strengthened after last week's U.S. data sent the currency broadly lower.
NZD/USD hit 0.7635 during late Asian trade, the session low; the pair subsequently consolidated at 0.7654, edging down 0.11%.
The pair was likely to find support at 0.7574, the low of April 16 and resistance at 0.7727, Monday's high.
The greenback regained ground after a recent string of soft economic data dampened optimism on the U.S. recovery, adding to uncertainty over the timing of a rate hike.
Markets had shrugged off data on Monday showing that New Zealand consumer prices slipped 0.3% in the first quarter, compared to expectations for a 0.2% downtick.
Year-over-year, New Zealand consumer prices rose 0.1% in the last quarter, confounding expectations for a 0.2% gain.
The kiwi was higher against the Australian dollar, with AUD/NZD shedding 0.28% to 1.0055.
Also Tuesday, the Reserve Bank of Australia said in the minutes of its April meeting that "it was appropriate to hold interest rates steady for the time being" but added that "further easing of policy may be appropriate over the period ahead" to bolster growth.