Investing.com - The New Zealand dollar slipped lower against its U.S. counterpart on Monday, as data showing that Chinese growth slowed in the third quarter weighed.
NZD/USD hit 0.6783 during late Asian trade, the pair's lowest since Friday; the pair subsequently consolidated at 0.6793, shedding 0.23%.
The pair was likely to find support at 0.6669, the low of October 12 and resistance at 0.6904, the high of October 15 and a four-month high.
Earlier Monday, data showed that China’s economic growth slowed to 6.9% in the third quarter, down from 7% in the previous quarter. The figure is the country's slowest growth rate since 2009.
China is New Zealand's second biggest export partner.
Meanwhile, sentiment on the greenback remained vulnerable after the release of mixed U.S. economic reports on Friday.
The preliminary reading of the University of Michigan’s consumer sentiment index came in at 92.1 compared to forecasts of 89 and up from 87.2 in September.
But another report showed that U.S. industrial production declined 0.2% in September, pressured lower by weakness in the oil and gas sector.
The kiwi was lower against the Australian dollar, with AUD/NZD gaining 0.32% to 1.0695.