NZ Dollar Outlook: Kiwi may gain as RBNZ seen keeping OCR attractive at 2.5%

Mon, 07 Mar 2016

By Tina Morrison March 7 (BusinessDesk) - The New Zealand dollar may gain this week as economists bet the Reserve Bank will keep its benchmark interest rate on hold, underpinning the attractiveness of the country's yields as banks elsewhere move to negative rates. The local currency may trade between 65.50 US cents and 69.50 cents this week, according to a BusinessDesk survey of nine analysts. Five expect the kiwi to gain, two bet it will decline, and two anticipate it will remain relatively unchanged. It recently traded at 67.90 US cents...

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