NZ Dollar Outlook Kiwi looks weak as market mulls local inflation, housing figures

Mon, 20 Jan 2014

By Paul McBeth Jan. 20 (BusinessDesk) - The New Zealand dollar looks likely to fall this week as investors consider how local inflation and housing figures will feed into the Reserve Bank’s interest rate outlook, ahead of next week’s policy review. The local currency may trade between 81.20 US cents and 84.20 cents this week, according to a BusinessDesk survey of six traders and strategists. Four predict the kiwi will fall this week, while one expects it to gain and one sees it largely unchanged. It recently traded at 82.50 US cents from 82....

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