Investing.com - The New Zealand dollar fell against its U.S. counterpart on Thursday, as demand for the greenback was boosted by the Federal Reserve's latest meeting minutes.
NZD/USD hit 0.7807 during late Asian trade, the pair's lowest since November 12; the pair subsequently consolidated at 0.7844, down 0.09%.
The pair was likely to find support at 0.7710, the low of November 11 and resistance at 0.7926, Wednesday's high.
The greenback found further support after the minutes of the Fed's October meeting indicated that officials believe the economic recovery is strong enough to withstand external threats to growth, but offered little additional clarity about when rates could start to rise.
Market sentiment remained under pressure after Japan’s prime minister announced plans this week to delay a sales tax hike due to take place next year, after an increase in April played a part in pulling Japan into a recession.
Elsewhere, data earlier showed that China’s HSBC manufacturing purchasing managers' index fell to a six-month low of 50.0 this month from a final reading of 50.4 in October and well below the 50.3 forecast by analysts.
China is New Zealand's second biggest export partner.
The kiwi was higher against the Australian dollar, with AUD/NZD shedding 0.28% to 1.0946.
Later in the day, the U.S. was to release data on initial jobless claims, consumer prices, existing homes sales and manufacturing activity in the Philadelphia region.