NZ Dollar Outlook: Kiwi may consolidate as RBNZ weighs in on upbeat trend

Mon, 10 Nov 2014

By Tina Morrison Nov. 10 (BusinessDesk) - The New Zealand dollar may hold around current levels this week as traders anticipate Reserve Bank governor Graeme Wheeler could take aim at its recent strength. The kiwi will probably trade between 75.60 US cents and 79.30 cents this week, according to a BusinessDesk survey of 11 traders, strategists and brokers. Seven predict the kiwi will remain relatively unchanged this week, while four expect it to rise. It recently traded at 77.65 US cents. The local currency started the week higher after...

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