NZ Dollar Outlook Kiwi may lack direction amid dearth of key data releases

Mon, 24 Feb 2014

By Tina Morrison Feb. 24 (BusinessDesk) – The New Zealand dollar may struggle for direction this week, reflecting a lack of key data releases. The local currency may trade between 81.50 US cents and 84.20 cents this week, according to a BusinessDesk survey of 11 currency strategists and traders. Four expect the kiwi to decline; five expect it will remain relatively neutral, while two anticipate a gain. The New Zealand dollar recently bought 82.76 US cents from 82.80 cents at 8am. With no major data scheduled for release this week, traders wi...

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