New Zealand Dollar Outlook: Kiwi may decline as greenback strengthens after US employment data

Mon, 07 Jul 2014

By Tina Morrison July 7 (BusinessDesk) - The New Zealand dollar may decline after failing to make a break through 88 US cents in the past two weeks and in the absence of local data to push it higher as the US dollar strengthens. The kiwi may trade between 86.40 US cents and 88.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Six predict the kiwi will fall this week, while two expect it to gain and two say it will likely remain largely unchanged. It recently traded at 87.17 US cents. The New Zealand...

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