NZ Dollar Outlook: Kiwi may decline as optimism builds about US recovery after Jackson Hole

Mon, 25 Aug 2014

By Tina Morrison Aug. 25 (BusinessDesk) - The New Zealand dollar may decline this week as growing optimism about a recovery in the US economy strengthens the greenback. The kiwi will probably trade between 82.20 US cents and 84.70 cents this week, according to a BusinessDesk survey of 11 traders and strategists. Nine expect the kiwi to decline this week, while two expect it to remain relatively unchanged. None expect it to gain. The local currency recently traded at 83.49 US cents. The New Zealand dollar has fallen to its lowest in six...

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