The New Zealand dollar edged higher against its U.S. counterpart on Tuesday, after data showed that inflation expectations for New Zealand were unchanged in the last quarter and as concerns due to a massive selloff in Chinese equities on Monday began to ease. NZD/USD hit 0.6540 during late Asian trade, the session high; the pair subsequently consolidated at 0.6489, adding 0.16%. The pair was likely to find support at 0.6244, Monday’s low and a six-year low and resistance at 0.6690, Monday’s high. The Reserve Bank of New Zealand reported on Tuesday that its inflation expectations for the next two years were unchanged at 1.9% in the third quarter. The New Zealand dollar had hit a six-year trough against the greenback on Monday, as shares in China dropped over 8%, erasing all of the year’s gains. The decline came as Beijing held off from implementing fresh measures to support equities after markets fell 11% last week. The steep declines in Chinese equity markets undermined investor confidence in the government’s ability to revitalize economic growth. Financial markets have been roiled since China devalued the yuan on August 11, sparking fears that the economy may be slowing at a faster than expected rate. The kiwi was higher against the euro, with EUR/NZD declining 0.56% to 1.7848.