NZ Dollar Outlook: Kiwi may decline from highs as pause in interest rates looms

Mon, 21 Jul 2014

By Tina Morrison July 21 (BusinessDesk) - The New Zealand dollar may have reached its highs for the year and will probably decline this week amid speculation the Reserve Bank will signal Thursday's hike in interest rates will be the last for this year. The kiwi may trade between 85 US cents and 88.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Five predict the kiwi will fall this week, while four expect it to gain and one says it will likely remain largely unchanged. It recently traded at 87 US cents...

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