NZ Dollar Outlook: Kiwi may decline this week as Fed, GDP loom

Sun, 15 Mar 2015

By Tina Morrison March 16 (BusinessDesk) - The New Zealand dollar, which has declined 2.5 percent so far this month, may slip further this week with the Federal Reserve expected to signal interest rate rises are not far off. The kiwi may trade between 71.30 US cents and 75.20 cents, according to a BusinessDesk survey of 11 currency traders and strategists. Six expect the currency to decline, while two say it may rise and three bet it will remain broadly unchanged. It recently traded at 73.25 US cents. This week, all eyes will be on how...

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