NZ Dollar Outlook: Kiwi may decline amid concerns about global growth

Mon, 13 Oct 2014

By Tina Morrison Oct. 13 (BusinessDesk) - The New Zealand dollar may decline this week as investors reduce their holdings of riskier currencies amid concern about slower global growth. The kiwi will probably trade between 76 US cents and 80 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Five predict the kiwi will fall this week, while three pick it to gain and two say it will remain largely unchanged. It recently traded at 78.39 US cents. Currency markets have been volatile as investors grow jittery...

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