Investing.com - The New Zealand Dollar was lower against the U.S. Dollar on Monday after the release of N.Z. data on CPI.
NZD/USD was trading at 0.8444, down 0.15% at time of writing.
The pair was likely to find support at 0.8194, Wednesday’s low, and resistance at 0.8506, Wednesday’s high.
Earlier in the day, official data showed that consumer price inflation in New Zealand rose more-than-expected to a seasonally adjusted 1.0% in the last quarter, from 0.8% in the preceding quarter.
Analysts had expected CPI to rise 0.8% in the last quarter.
Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.22% to hit 1.2570 and EUR/NZD falling 0.40% to hit 1.6671.
NZD/USD was trading at 0.8444, down 0.15% at time of writing.
The pair was likely to find support at 0.8194, Wednesday’s low, and resistance at 0.8506, Wednesday’s high.
Earlier in the day, official data showed that consumer price inflation in New Zealand rose more-than-expected to a seasonally adjusted 1.0% in the last quarter, from 0.8% in the preceding quarter.
Analysts had expected CPI to rise 0.8% in the last quarter.
Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.22% to hit 1.2570 and EUR/NZD falling 0.40% to hit 1.6671.