NZ dollar may sink to 70 US cents in 2015 on resurgent greenback: BusinessDesk survey

Sun, 29 Mar 2015

By Tina Morrison March 30 (BusinessDesk) - The New Zealand dollar may extend its decline against the greenback this year, on increased signs the Federal Reserve will lift interest rates from a record low, benefitting companies such as Fisher & Paykel Healthcare that get much of their sales in US dollars. The kiwi, which recently traded at 75.52 US cents, will decline to 70 cents by the end of the year, according to the median forecast of 21 currency traders, strategists and economists surveyed by BusinessDesk last week, all of whom expect...

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