NZ dollar may end 2015 at lowest year-end level in 7 years

Tue, 27 Oct 2015

By Tina Morrison Oct. 27 (BusinessDesk) - The New Zealand dollar may finish 2015 at the lowest year-end level in seven years and be at a similar place at the end of next year, according to the latest BusinessDesk survey. The kiwi, which recently traded at 67.80 US cents, is likely to close this year at 63 cents and next year at 62 cents, according to the median forecast of 19 currency analysts surveyed by BusinessDesk. That would be the lowest level since 2008 when it ended the year at 58.35 US cents. Still, there's little prospect tha...

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