Investing.com - The New Zealand dollar was lower against its U.S. counterpart on Thursday, as the Federal Reserve's decision to raise interest rates for the first time in nearly 10 years boosted demand for the greenback.
NZD/USD hit 0.6718 during late Asian trade, the session low; the pair subsequently consolidated at 0.7189, retreating 0.85%.
The pair was likely to find support at 0.6690, the low of December 14 and resistance at 0.6830, the high of December 15 and a one-month peak.
At the conclusion of its policy meeting on Wednesday, the Fed raised interest rates by a quarter of a percentage point to between 0.25% and 0.50%, fuelling optimism over the strength of the U.S. economy.
It was the first rate hike in the U.S. since 2006.
Commenting on the decision, Fed Chair Janet Yellen said that further rate hikes would be gradual and data dependent.
The kiwi was lower against the Australian dollar, with AUD/NZD rising 0.30% to 1.0672.