Investing.com - The New Zealand dollar was steady against its U.S. counterpart on Wednesday, to trade near three-week lows as markets were jittery ahead of the minutes of the Federal Reserve''s most recent policy meeting.
NZD/USD hit 0.8554 during late Asian trade, the pair''s lowest since April 30; the pair subsequently consolidated at 0.8572, dipping 0.01%.
The pair was likely to find support at 0.8518, the low of April 29 and resistance at 0.8632, Tuesday''s high.
Markets were jittery ahead the minutes from the Fed’s latest monetary policy meeting due later Wednesday, as investors awaited for further indications on the central bank''s view of the economy.
Recent U.S. economic reports indicating that the recovery remains uneven have weighed on U.S. Treasury yields, pressuring the greenback lower.
The kiwi was little changed against the Australian dollar, with AUD/NZD inching down 0.04% to 1.0777.
Also Wednesday, the Westpac Banking Corporation said consumer sentiment in Australia fell 6.8% this month, after a 0.3% rise in April.
A separate report showed that wage prices in Australia rose 0.7% in the last quarter, in line with expectations. In the three months to December, wage prices also rose 0.7%.
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