NZ Dollar Outlook: Kiwi may decline on dairy auction weakness

Mon, 16 Nov 2015

By Tina Morrison Nov. 16 (BusinessDesk) - The New Zealand dollar may decline this week as dairy prices look set to head lower at the fortnightly GlobalDairyTrade auction. The kiwi may trade between 63.50 US cents and 66.80 cents this week, according to a BusinessDesk survey of nine currency analysts. Six expect it to drop, two say it may rise slightly, and one expects it to remain largely unchanged. The local currency recently traded at 65.35 US cents. The New Zealand dollar is weakening in line with lower prices for dairy products, th...

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