Investing.com - The New Zealand Dollar was lower against the U.S. Dollar on Monday after the release of U.S. data on Personal Spending.
NZD/USD was trading at 0.8047, down 1.06% at time of writing.
The pair was likely to find support at 0.8009, today’s low, and resistance at 0.8194, Wednesday’s high.
Earlier in the day, official data showed that U.S. personal spending remained unchanged unexpectedly at a seasonally adjusted 0.0% last month from 0.3% in the preceding month whose figure was revised down from 0.4%.
Analysts had expected personal spending to rise 0.1% last month.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.31% to hit 1.2959 and EUR/NZD rising 1.42% to hit 1.7724.
NZD/USD was trading at 0.8047, down 1.06% at time of writing.
The pair was likely to find support at 0.8009, today’s low, and resistance at 0.8194, Wednesday’s high.
Earlier in the day, official data showed that U.S. personal spending remained unchanged unexpectedly at a seasonally adjusted 0.0% last month from 0.3% in the preceding month whose figure was revised down from 0.4%.
Analysts had expected personal spending to rise 0.1% last month.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.31% to hit 1.2959 and EUR/NZD rising 1.42% to hit 1.7724.