NZ Dollar Outlook: Kiwi may fall on US rate hike bets; Budget, milk forecast loom

Mon, 23 May 2016

By Tina Morrison May 23 (BusinessDesk) - The New Zealand dollar may decline this week as the greenback powers higher on the back of encouraging comments on future interest rate hikes from Federal Reserve officials. The local currency may trade between 66.17 US cents and 68.80 cents this week, according to 10 analysts in a BusinessDesk survey. Six expect the kiwi to decline, two bet it will gain and two say it will remain largely unchanged. It recently traded at 67.75 US cents. The US dollar index, which measures the greenback against a...

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