Forex Pros – The New Zealand dollar fell to a 3-week low against its U.S. counterpart on Thursday, after data showed that a New Zealand commodity price index unexpectedly fell in June. NZD/USD hit 0.6794 during European afternoon trade, its lowest since June 11; the pair subsequently consolidated at 0.6831, shedding 0.25%. The pair was likely to find support at 0.669, the low of June 10, and resistance at 0.6954, Wednesday's high. Earlier in the day, official data showed that the ANZ commodity price index fell 1.2% in June, the first decline in over a year. The losses were led by a drop in prices for dairy products and aluminium the report said. The kiwi was also down against the yen, with NZD/JPY shedding 0.88% to hit 60.04. Later in the day, the U.S. was to release key data on initial jobless claims as well as data on pending U.S. home sales and a report on U.S. manufacturing prices.

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