NZ Dollar Outlook: Kiwi may decline amid upbeat US jobs data as dairy auction weighs

Mon, 05 Jan 2015

By Tina Morrison Jan. 5 (BusinessDesk) - The New Zealand dollar may decline this week as US data points to a recovery in the world's largest economy while the first GlobalDairyTrade auction for the year weighs on the local market. The kiwi will probably trade between 75.50 US cents and 78.50 cents, according to a BusinessDesk survey of seven traders, strategists and brokers. Five thought the currency would fall, while one expected it to remain relatively unchanged and one bet it would rise. The US dollar index, which measures the green...

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