NZ Dollar Outlook: Kiwi may decline as US jobs data seen boosting case for rate hike

Mon, 31 Aug 2015

By Tina Morrison Aug. 31 (BusinessDesk) - The New Zealand dollar may decline this week on the expectation stronger US jobs data will increase the chance of a Federal Reserve interest rate hike next month. The kiwi may trade between 62.50 US cents and 67.50 cents this week, according to a BusinessDesk survey of 10 currency advisers. Six expect the kiwi to decline, two say it may gain and two bet it will remain largely unchanged. It recently traded at 64.62 US cents. This week, investors will be focused on the release of US payrolls data...

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