NZ Dollar Outlook: Kiwi may decline in volatile trading as Yellen testimony, Fonterra payout loom

Mon, 23 Feb 2015

By Tina Morrison Feb. 23 (BusinessDesk) - The New Zealand dollar may decline in volatile trading this week as investors wade through data releases, updated forecasts and key speeches to assess the economic outlook. The kiwi may trade between 73.20 US cents and 77 cents this week, according to a BusinessDesk survey of 13 currency strategists and advisers. Eight expect the currency to decline, while four predict it will gain and one bets it will remain relatively unchanged. The kiwi recently traded at 75.13 US cents. The global focus thi...

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