NZ Dollar Outlook: Kiwi may falter as investors mull conflicting forces

Mon, 16 Jun 2014

By Tina Morrison June 16 (BusinessDesk) - The New Zealand dollar may falter this week as traders weigh the outlook for higher interest rates as dairy prices come off the boil while economic growth continues to accelerate. The kiwi will probably trade between 84.90 US cents and 87.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Four predict the kiwi will remain largely unchanged, while three expect it to fall and three say it may rise. It recently traded at 86.70 US cents. Investors are mulling the...

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