NZ Dollar Outlook Kiwi may hold its ground vs. stronger greenback with local rates set to rise

NZ Dollar Outlook Kiwi may hold its ground vs. stronger greenback with local rates set to rise
By Tina Morrison Nov. 4 (BusinessDesk) – The New Zealand dollar may hold its own against a stronger US dollar in the coming week, underpinned by a reviving local economy where interest rates are heading up. The local currency may trade between 81.20 US cents and 84.50 cents this week, according to a BusinessDesk survey of nine traders and strategists. Four expect the currency to remain unchanged while three say it may gain and two expect it to drop. The kiwi recently traded at 82.52 US cents from 82.56 cents at 8am in Wellington. The US dol...