NZ Dollar Outlook: Kiwi may decline this week on China concerns, Fed rate hike bets

Sun, 10 Jan 2016

By Tina Morrison Jan. 11 (BusinessDesk) - The New Zealand dollar may decline this week, continuing the trend set at the start of the year amid a strengthening US dollar and concern about China. The kiwi may trade between 64 US cents and 67 cents this week, according to a BusinessDesk survey of eight currency analysts. Six expect the local currency to fall, one says it may rise and one forecasts it will remain little changed. It recently traded at 65.20 US cents. The New Zealand dollar has shed 4.7 percent so far this year amid turmoil...

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