Investing.com - The New Zealand dollar slid lower against its U.S. counterpart on Wednesday, as demand for the greenback remained broadly supported by growing expectations for an early rate hike by the Federal Reserve.
NZD/USD hit 0.7768 during late Asian trade, the pair's lowest since November 25; the pair subsequently consolidated at 0.7784, sliding 0.28%.
The pair subsequently consolidated at 0.7710, the low of November 11 and resistance at 0.7892, Tuesday's high.
The greenback remained broadly supported as recent U.S. economic reports continued to fuel optimism over the strength of the country's recovery, adding to expectations for a rate hike by the Federal Reserve.
The kiwi was higher against the Australian dollar, with AUD/NZD shedding 0.24% to 1.0797.
Also Wednesday, the Australian Bureau of Statistics said that the country's gross domestic product rose 0.3% in the third quarter, less than the expected 0.7% increase, down from a growth rate of 0.5% in the three months to June.
Year-on-year, Australia's economy grew by 2.7% in the last quarter, compared to expectations for an expansion of 3.1%.
Later in the day, the U.S. was to release the ADP report on private sector job creation, while the ISM was to publish a report on U.S. service sector activity.