Investing.com – The New Zealand dollar was slightly higher against its U.S. counterpart on Tuesday, but gains were capped ahead of a meeting of European Union finance ministers due to be held later in the day.
NZD/USD hit 0.7736 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7725, gaining 0.02%.
The pair was likely to find support at 0.767, Monday’s low and resistance at 0.7746, Monday’s high and a two week high.
Earlier in the day, data showed that house prices in New Zealand declined in December for the third month out of the last four.
The Real Estate Institute of New Zealand said its house-price index dropped 0.6% from the previous month. Year-on-year, sales fell 11.3%. The report said that the average house price in December fell to NZD 352,000 from NZD 360,000 in November.
Meanwhile, the kiwi was down against the euro, with EUR/NZD climbing 0.45% to hit 1.7288.
Later in the day, the U.S. was to release official data on manufacturing activity in New York State.
NZD/USD hit 0.7736 during late Asian trade, the daily high; the pair subsequently consolidated at 0.7725, gaining 0.02%.
The pair was likely to find support at 0.767, Monday’s low and resistance at 0.7746, Monday’s high and a two week high.
Earlier in the day, data showed that house prices in New Zealand declined in December for the third month out of the last four.
The Real Estate Institute of New Zealand said its house-price index dropped 0.6% from the previous month. Year-on-year, sales fell 11.3%. The report said that the average house price in December fell to NZD 352,000 from NZD 360,000 in November.
Meanwhile, the kiwi was down against the euro, with EUR/NZD climbing 0.45% to hit 1.7288.
Later in the day, the U.S. was to release official data on manufacturing activity in New York State.