NZ Dollar Outlook: Kiwi may fall if housing curbs pave the way for rate cuts

Mon, 09 May 2016

By Tina Morrison May 9 (BusinessDesk) - The New Zealand dollar may decline this week on expectations the Reserve Bank could add further restrictions to the housing market, paving the way for future interest rate cuts. The kiwi may trade between 67 US cents and 70 cents, according to 10 currency analysts surveyed by BusinessDesk. Five expect it to decline, two bet it will gain and four say it will probably remain relatively neutral. It recently traded at 68.34 US cents. The Reserve Bank's interest rate track has come sharply into focus...

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