Investing.com - The New Zealand dollar slipped lower against its U.S. counterpart on Wednesday, trading close to a one-year trough as demand for the greenback remained broadly supported by expectations for an early U.S. rate hike.
NZD/USD hit 0.7761 during late Asian trade, the session low; the pair subsequently consolidated at 0.7802, easing 0.08%.
The pair was likely to find support at 0.7707, the low from September 28 and a one-year low and resistance at 0.7875, the high from September 28.
The greenback remained broadly supported by the view that the strengthening economic recovery in the U.S. would prompt the Federal Reserve to hike rates sooner.
Investors were looking ahead to Friday’s U.S. nonfarm payrolls report after August’s report fell short of expectations.
Elsewhere, data showed that China's manufacturing purchasing managers' index remained unchanged at 51.1 last month, compared to expectations for a downtick to 51.0.
China is New Zealand's second biggest export partner.
The kiwi was higher against the Australian dollar, with AUD/NZD sliding 0.53% to 1.1146.
Also Wednesday, official data showed that Australian retail sales rose 0.1% in August, disappointing expectations for a 0.4% gain, after an increase of 0.4% in July.
Later in the day, the U.S. was to release the ADP report on private sector job creation, as well as a report by the Institute of Supply Management on manufacturing activity.