NZ Dollar Outlook: Kiwi may decline as negative sentiment weighs

Mon, 02 Nov 2015

By Tina Morrison Nov. 2 (BusinessDesk) - The New Zealand dollar may decline this week, weighed down by dovish sentiment from the Reserve Bank of Australia, a decline in dairy auction prices and low US jobs growth. The kiwi may trade between 65.45 US cents and 69.20 cents this week, according to a BusinessDesk survey of nine currency analysts. Five picked the kiwi to fall, two say it may gain and two expect it to remain relatively unchanged. It recently traded at 67.54 US cents. Currency traders have plenty of data to mull over this wee...

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