NZ Dollar Outlook: Kiwi may decline as outlook for US economy brightens

Mon, 25 May 2015

By Tina Morrison May 25 (BusinessDesk) - The New Zealand dollar is expected to head lower this week as traders bet an improving US economy will push the greenback higher. The kiwi may trade between 70.60 US cents and 75 cents this week, according to a BusinessDesk survey of 13 currency advisers. Eleven expect the kiwi to fall and two bet it will gain. It recently traded at 72.98 US cents. The US dollar jumped at the end of last week after a report showed US inflation was gathering steam and following a speech by Federal Reserve chair J...

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