USD Strengthens Against NZD
LiteForex Europe | Jul 01, 2015 07:58AM ET
On Tuesday, the US dollar strengthened against the New Zealand dollar. The pair NZD/USD reached the level 0.6747, but then a correction followed. The US currency was supported by the publication of US Consumer Confidence Index for June, which was 101.4 points compared to 97.3 points ahead of the data. Last month, the Index was 94.6. Moreover, yesterday Greece asked European partners for a two-year aid package and a debt restructuring to cover its financing needs. Amid this situation, the US dollar is strengthening as a relatively safe haven.
Building Permits Index in New Zealand - a leading indicator of the housing market - did not change, which is a positive result from the 1.7% slide in the last month.
Today, Manufacturing PMI Index is published. The indicator should rise to 53.1 from 52.8 earlier, which may affect the New Zealand dollar.
The nearest resistance level is 0.6850 - the maximum of this week.
Support level is 0.6750 – yesterday’s minimum.
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