NZ Dollar Outlook: Analysts split on kiwi's direction as RBNZ set to cut interest rates

NZ Dollar Outlook: Analysts split on kiwi's direction as RBNZ set to cut interest rates
By Tina Morrison Sept. 7 (BusinessDesk) - Analysts are split on the direction of the New Zealand dollar this week because of the risk that the Reserve Bank signals the economic outlook isn't as grim as some expect, even as it cuts interest rates. The kiwi may trade between 61 US cents and 65 cents this week, according to a BusinessDesk survey of 13 currency analysts. Six see the kiwi rising, six say it will probably drop while one expects it to remain largely unchanged. It recently traded at 62.74 US cents. Reserve Bank governor Graeme...