NZ Dollar Outlook: Kiwi hovers above key support level as dairy auction, jobs data awaited

Mon, 04 Aug 2014

By Tina Morrison Aug. 4 (BusinessDesk) - The New Zealand dollar is trading near a key support level as investors await the latest dairy auction and second-quarter jobs data, after the currency's decline over the past month. The kiwi will probably trade between 84 US cents and 86.05 cents this week, according to a BusinessDesk survey of eight traders and strategists. Four predict the kiwi will remain largely unchanged this week, while four expect it may gain. It recently traded at 85.10 US cents. The New Zealand dollar has shed about 3...

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