NZ Dollar Outlook: Kiwi may decline as traders bet US jobs data will support Fed rate hikes

Mon, 30 Nov 2015

By Tina Morrison Nov. 30 (BusinessDesk) - The New Zealand dollar may decline this week in the face of US dollar strength as upcoming employment data stokes speculation the Federal Reserve will hike interest rates in December. The kiwi may trade between 63.50 US cents and 67.50 cents this week, according to 10 currency analysts surveyed by BusinessDesk. Six expect it to decline, two say it may advance and two bet it will remain largely unchanged. It recently traded at 65.17 US cents. This week, even more attention than usual will be foc...

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