The New Zealand currency barely moved versus
the United States dollar in careful trading on Monday even as stock markets remained
on edge after the Swiss National Bank made its bombshell policy decision last
week.
The FOREX pair of NZD/USD touched 0.7806
during preliminary trading in the euro region which is the session high. It
later consolidated at 0.7796.
The currency pair was inclined to get support
at 0.7744 with resistance pegged at 0.789.
The US tender was supported after the Swiss
central bank ditched its 1.20 per common currency exchange rate ceiling early
last week.
On the other hand, an initial report before
the week ended said the index for consumer sentiment went up to an 11-year peak
of 98.2 in January (2015) from 93.6 last December of 2014 as against
expectations for an increase to 94.1.
The NZ kiwi was higher against the Aussie
note. The AUD/NZD scaled down 0.16 percent to 1.0540.
Meanwhile, the Bureau of Statistics in
Australia disclosed that sales for new motor vehicles moved up by 3.0 percent
last month after dropping 0.6% percent in November.
New Zealand will be releasing an account on
business confidence for the day.
