NZ Dollar Outlook: Kiwi may gain as US interest rate outlook disappoints

Sun, 13 Dec 2015

By Tina Morrison Dec. 14 (BusinessDesk) - The New Zealand dollar may gain this week, underpinned by improved global dairy prices, local growth data and US dollar weakness. The local currency may trade between 64.50 US cents and 69.50 cents this week, according to a BusinessDesk survey of 11 analysts. Eight expect the kiwi to gain while three bet it will decline. It recently traded at 67.15 US cents. All eyes this week are focused on the Federal Reserve meeting, with 90 percent of economists in a Reuters poll predicting the federal fund...

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