NZ Dollar Outlook: Kiwi may gain on expectation RBNZ reinforces hiking plans

Mon, 09 Jun 2014

By Tina Morrison Jun. 9 (BusinessDesk) - The New Zealand dollar may gain this week amid expectations the Reserve Bank won't pull back its expectations for interest rate hikes as much as financial markets expect. The kiwi will probably trade between 83.50 US cents and 86.50 cents this week, according to a BusinessDesk survey of nine traders and strategists. Five predict the kiwi will rise this week, while two expect it to fall and two pick it to remain largely unchanged. It recently traded at 85.05 US cents. Reserve Bank governor Graeme...

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