Investing.com - The New Zealand dollar climbed to three-month highs against its U.S. counterpart on Thursday, as the previous session's downbeat U.S. data continued to weigh broadly on the greenback.
NZD/USD hit 0.6851 during late Asian trade, the pair's highest since June 30; the pair subsequently consolidated at 0.6846, advancing 0.85%.
The pair ws likely to find support at 0.6615, Wednesday's low and resistance at 0.6934, the high of June 25.
The greenback remained under pressure after the U.S. Commerce Department reported on Wednesday that retail sales increased by 0.1% last month, missing expectations for a gain of 0.2%.
Data also showed that producer price inflation in the U.S. fell for the first time in five months in September.
The weak economic reports fuelled expectations that a U.S. rate hike could be delayed for an even longer period than expected.
The kiwi was higher against the Australian dollar, with AUD/NZD sliding 0.40% to 1.0712.
Earlier Thursday, the Australian Bureau of Statistics reported that the number of employed people declined by 5,100 in September, compared to expectations for an increase of 5,000.
The number of employed people rose by 18,000 in August, whose figure was revised from a previously estimated gain of 17,400.
Australia's unemployment rate remained unchanged at 6.2% last month, confounding expectations for an uptick to 6.3%.
Separately, the Melbourne Institute said its inflation expectations for the next 12 months rose to 3.5% in September, from 3.2% the previous month.