Forexpros – The New Zealand dollar was almost unchanged against its U.S. counterpart on Monday, amid ongoing talks in the euro zone on new ways to handle the region’s financial crisis.
NZD/USD hit 0.8010 during early European trade, the daily low; the pair subsequently consolidated at 0.8048, slipping 0.05%.
The pair was likely to find support at 0.7907, the low of October 14 and resistance at 0.8193, the high of June 22.
Concluding talks in Paris on Sunday, G-20 leaders and central bankers supported a plan to restructure Greek debt, to boost European lenders and to avoid debt contagion throughout the single currency bloc.
European leaders were pushed to unveil the details of the new measures by the October 23 European Union summit, ahead of the next G-20 meeting scheduled early next month.
Elsewhere, the kiwi was lower against the Australian dollar with AUD/NZD edging up 0.08%, to trade at 1.2850.
Also Monday, official data showed that Australian new motor vehicle sales slipped 1.5% in September, from a 3.4% rise and 15-month high the previous month.
Later in the day, the U.S. was to publish official data on industrial production, as well as a report on manufacturing activity in New York state.
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