NZ Dollar Outlook: Kiwi may fall amid dairy weakness, greenback strength

Mon, 15 Jun 2015

By Tina Morrison June 15 (BusinessDesk) - The New Zealand dollar, which hit a five-year low at the weekend, may fall further this week amid concern prices could remain weak in the latest dairy auction and on expectations improving US data will boost the prospects for the Federal Reserve to hike interest rates. The kiwi may trade between 68 US cents and 71.80 cents this week, according to a BusinessDesk survey of 12 currency advisers. Seven said the currency would probably fall, three picked it to move higher while two bet it would remain...

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