NZ Dollar Outlook: Kiwi may range trade in shortened Easter week

Sun, 20 Mar 2016

By Tina Morrison March 21 (BusinessDesk) - The New Zealand dollar is unlikely to reach new highs or lows this week as it finds investor support at the top and bottom of its recent ranges. The kiwi will probably trade between 65.80 US cents and 69.50 cents this week, according to 11 currency advisers surveyed by BusinessDesk. Four expect it to remain relatively unchanged, four bet it will rise and three say it will decline. It recently traded at 67.80 US cents. The local currency has had a rollercoaster ride this month, dropping sharply...

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