The New Zealand dollar rose a third of a cent to US86.25 cents immediately after the announcement and remained at that rate on Thursday evening.
Economist at ASB Bank Chris Tennant-Brown says the reaction was muted because the hike was widely expected.
He says the Kiwi is likely to push higher next week when the US Federal Reserve meets on Thursday.
He says overall there are not too many chinks in the armour for New Zealand at the moment beyond end of season weakness seen in dairy prices and expects the Kiwi to trade at current levels for the rest of the year.
A close the Kiwi was buying 92.75 Australian cents, 51.38 British pence, 0.6239 euro, 88.24 yen and 5.38 renminbi.
The sharemarket also rose on Thursday with the Top 50 Index gaining 11 points to 5154, within a whisker of the record struck in March at 5160.
Director at Hamilton Hinden Green, Grant Williamson, says the short week has meant low activity but that the Genesis Energy listing last week has provided some vim to the market.
Genesis Energy shares gained 1 cent to $1.82, Mighty River Power rose 4 cents to $2.30, Meridian Energy's instalment receipts climbed 1.5 cents to $1.20 and Contact Energy put on 4 cents to $5.73, while Sky City shares rose 10 cents to $4.13.