Investing.com - The New Zealand dollar was higher against its U.S. counterpart on Monday, after data showed that business confidence in New Zealand improved this month, albeit less than initially expected.
NZD/USD hit 0.6552 during late Asian trade, the session high; the pair subsequently consolidated at 0.6549, rising 0.24%.
The pair was likely to find support at 0.6491, the low of November 23 and resistance at 0.6601, the high of November 26.
Data earlier showed that the ANZ business confidence index for New Zealand rose to 14.6 in November from 10.5 the previous month. Analysts had expected the index to climb to 15.0 this month.
But the greenback still remained supported after a string of upbeat U.S. data released over the week added to expectations that the Federal Reserve will raise interest rates next month.
The kiwi was higher against the euro, with EUR/NZD shedding 0.35% to 1.6160.