NZ Dollar Outlook: Falling kiwi likely on further dairy industry weakness

Mon, 03 Aug 2015

By Tina Morrison Aug. 3 (BusinessDesk) - The New Zealand dollar is expected to decline this week, weighed down by further weakness in the country's key dairy industry and by a strengthening US dollar. A BusinessDesk survey of 10 currency analysts puts a possible trading range for the kiwi at between 64.50 US cents and 67.50 cents this week. Six expect a decline while four say it may remain largely unchanged. None are betting on a rise. The local currency recently traded at 65.85 US cents. The price for New Zealand's key export commodit...

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