NZ Dollar Outlook: Kiwi may decline as traders eye inflation outlook, dairy auction

Mon, 16 May 2016

By Tina Morrison May 16 (BusinessDesk) - The New Zealand dollar may decline this week as traders weigh updates on the inflation outlook and dairy prices, and the US dollar looks set to strengthen. The kiwi may trade between 65.70 US cents and 69.75 cents this week, according to 10 currency advisers surveyed by BusinessDesk. Seven expect a decline, and three are picking it to be neutral. None is expecting a gain. It recently traded at 67.54 US cents. In New Zealand, the main event this week is the release of the Reserve Bank's survey of...

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