NZ Dollar Outlook: Kiwi may decline this week as RBNZ seen easing

Mon, 08 Jun 2015

By Tina Morrison June 8 (BusinessDesk) - The New Zealand dollar may fall this week as traders bet the Reserve Bank could reduce interest rates at its meeting on Thursday, or at least signal that rates are on their way down in the near future, diminishing the yield appeal of the local currency. The kiwi may trade between 67.75 US cents and 74 cents this week, according to a BusinessDesk survey of 10 currency analysts. Eight expect the kiwi to fall and two say it may rise. It was recently trading at 70.45 US cents. Reserve Bank governor...

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