Investing.com - The New Zealand dollar slid lower against its U.S. counterpart on Tuesday, hovering close to a recent six-year trough as risk-aversion continued to dominate market sentiment amid global growth worries.
NZD/USD hit 0.6290 during late Asian trade, the pair's lowest since September 24; the pair subsequently consolidated at 0.6302, sliding 0.44%.
The pair was likely to find support at 0.6233, the low of September 23 and resistance at 0.6406, Monday's high.
Market sentiment was hit after International Monetary Fund head Christine Lagarde said in an interview on Monday that the IMF is likely to revise downwards its estimates for global economic growth due to slower expansion in emerging economies.
Meanwhile, demand for the greenback remained supported after New York Federal Reserve Bank President William Dudley said on Monday that the Fed remains on track for a rate hike this year and could move as soon as the upcoming meeting in October.
The comments came after Fed Chair Janet Yellen said last Thursday that the U.S. central bank was likely to raise interest rates in 2015.
The U.S. dollar was als boosted by data on Monday showing that U.S. personal spending rose 0.4% in August, beating expectations for an increase of 0.3%.
The kiwi was higher against the Australian dollar, with AUD/NZD shedding 0.21% to 1.1020.