NZ Dollar Outlook: Kiwi may decline on weaker local data, more bullish Fed

Mon, 15 Sep 2014

By Tina Morrison Sept. 15 (BusinessDesk) - The New Zealand dollar may decline this week, weighed down by weaker local data and a more positive view of the greenback. The kiwi will probably trade between 79.60 US cents and 83.40 cents this week, according to a BusinessDesk survey of 10 currency traders and strategists. Five pick the local currency to decline, three say it will probably remain relatively unchanged and two expect a gain. The kiwi was recently at 81.43 US cents. New Zealand releases a slew of economic data ahead of this we...

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