NZ Dollar Outlook: Kiwi decline expected as conditions turn sour

Mon, 29 Feb 2016

By Tina Morrison Feb. 29 (BusinessDesk) - The New Zealand dollar is expected to fall this week as weaker local conditions start to sour the economic outlook. The kiwi may trade between 64.50 US cents and 67.80 cents this week, according to nine currency advisers surveyed by BusinessDesk. Six expect a decline, two are picking it to be neutral with a slight negative bias and one bets it will be flat. None is expecting a gain. It recently traded at 65.88 US cents. The local currency shed about half a cent this morning after the ANZ Busine...

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