Kiwi tilts lower as US dollar strengthens

The New Zealand dollar slipped on Tuesday, as the US currency continued to pressure other currencies.

New Zealand's credit card spending index fell 10.6% during the month ending January 21, after falling by 6.7% during the month ending December 20.

The Federal Reserve meeting will start later today, to discuss monetary policy amid the latest developments regarding the pandemic, and the bank's targets for employment and inflation.

The meeting will continue until Wednesday, followed by the interest rate decision and a press conference by Fed Chair Jerome Powell.

Countries around the world are intensifying their efforts to combat the Covid-19 pandemic with largescale vaccination campaigns.

As of 15:12 GMT, NZD/USD fell 0.1% to 0.7191, after hitting an intraday high of 0.7207 and a low of 0.7168.