NZD/USD hit 0.8079 during late Asian trade, the pair’s highest since January 18; the pair subsequently consolidated at 0.8078, adding 0.18%.
The pair was likely to find support at 0.8000, the low of January 19 and resistance at 0.8108, the high of October 24.
On Sunday, Greece’s creditors said they had reached their maximum offer for a voluntary debt swop and said it was now up to the European Union and the International Monetary Fund to agree on whether they can accept the deal.
EU finance ministers were to meet in Brussels later in the day to discuss the terms of the debt restructuring package, which is a precondition for Athens to receive its next tranche of bailout funds.
The latest data from the New Zealand showed easing inflation pressure on the RBNZ, yet with eased growth fears the monetary loosening from the RBNZ is not expected soon and neither is tightening.
Also the greenback is waiting for the important FOMC decision, in addition to the fourth quarter GDP reading, which leaves the main input for the pair this period the risk appetite and ongoing upside correction across the board.
On Tuesday at 15:00 GMT, the U.S. economy will issue the Richmond Fed Manufacturing Index for January, where it’s expected at 5.0 from the previous reading of 3.0.
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