NZ Dollar Outlook: Analysts split on direction ahead of GDT auction

Mon, 19 Oct 2015

By Tina Morrison Oct. 19 (BusinessDesk) - Analysts are split on the direction of the New Zealand dollar this week as they assess whether the local currency's gains have gone too far. The kiwi may trade between 66 US cents and 70.60 cents this week, according to a BusinessDesk survey of 11 currency analysts. Five expect the kiwi to decline, four say it may rise and two see it remaining largely unchanged. It recently traded at 68 US cents. The local currency last week rose to its highest level in four months on a trade-weighted basis as...

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