NZ Dollar Outlook: Kiwi may decline on greenback strength as RBNZ remains on hold

Sun, 08 Mar 2015

By Tina Morrison March 9 (BusinessDesk) - The New Zealand dollar may decline this week as the greenback strengthens on optimism the US economy is gearing up for interest rate rises. New Zealand interest rates are likely to remain unchanged at the central bank's six-weekly review. The kiwi may trade between 72 US cents and 75.50 cents this week, according to a BusinessDesk survey of eight currency strategists, traders and analysts. Six expect the local currency to decline while one picks it to increase and one says it will probably remain...

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