NZ Dollar Outlook: Kiwi may advance on better dairy prices

Mon, 17 Aug 2015

By Tina Morrison Aug. 17 (BusinessDesk) - The New Zealand dollar may gain this week on speculation dairy prices could rise from their lows, while traders see little data on the horizon likely to drive the currency lower. The kiwi may trade between 64 US cents and 67.60 cents this week, according to a BusinessDesk survey of 10 currency advisers. Five expect the currency to gain, two say it may decline and three expect it to be little changed. The local currency recently traded at 65.38 US cents. Currency traders will be eyeing Tuesday...

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