NZ Dollar Outlook: Kiwi may decline amid dairy weakness, greenback strength

Sun, 03 May 2015

By Tina Morrison May 4 (BusinessDesk) - The New Zealand dollar may decline this week amid weaker prices for exported dairy products and as the greenback strengthens. The kiwi may trade between 73.80 US cents and 77 cents this week, according to a BusinessDesk survey of 10 currency advisers. Nine expect the kiwi to fall, one says it will remain largely unchanged and none expect it to increase. It was recently trading at 75.29 US cents. The local currency has dropped 2 percent since New Zealand's Reserve Bank took interest rate hikes off...

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