NZ Dollar Outlook Kiwi may fall as CPI looms, eyes on China

Sun, 14 Oct 2012

By Hannah Lynch Oct 15 (BusinessDesk) - The New Zealand may fall this week with inflation figures expected to confirm there is little pressure on the Reserve Bank to raise interest rates and signs growth in the world's second largest economy, China, is slowing. The New Zealand dollar recently traded at 81.49 US cents, down from 81.88 cents at 8am in Wellington. That's at the bottom end of this week’s predicted trading range of 81.20 cents to 83.50 cents. Four out of the five analysts surveyed say the kiwi will finish the week lower, one hi...

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