NZ Dollar Outlook Kiwi may gain as interest rates move higher

Sun, 09 Mar 2014

By Tina Morrison March 10 (BusinessDesk) – The New Zealand dollar may rise in volatile trading this week as investors are lured by better yields ahead of an expected hike in interest rates by the Reserve Bank and the prospect of further increases. The kiwi may trade between 82.75 US cents and 86.35 cents this week, according to a BusinessDesk survey of 11 traders and strategists. Five expect the currency to advance while four forecast a drop and two expect little change. The kiwi recently traded at 84.65 US cents, from 84.38 cents at 8am. Re...

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