NZ Dollar Outlook: Kiwi may decline as slide in oil weighs on inflation concerns

Sun, 30 Nov 2014

By Tina Morrison Dec. 1 (BusinessDesk) - The New Zealand dollar may decline this week as falling oil prices add to concerns about weak inflation, whilst a strengthening US economy drives the greenback higher. The local currency may trade between 76.50 US cents and 79.70 cents this week, according to a BusinessDesk survey of 11 traders, strategists and brokers. Eight thought the currency would decline while two picked it to trade higher and one said it would remain relatively unchanged. The kiwi recently traded at 78.21 US cents. Oil pr...

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