NZ Dollar Outlook: Kiwi may remain flat this week as it seeks new impetus

Sun, 10 Apr 2016

By Tina Morrison April 11 (BusinessDesk) - The New Zealand dollar is likely to stay relatively unchanged this week as traders mull the likelihood of lower interest rates which will still remain higher than other comparable countries. The kiwi may trade between 66 US cents and 70.15 cents this week, according to 12 currency analysts in a BusinessDesk survey. Seven expect it to remain steady, while three say it may drop, and two bet it will gain. It recently traded at 68.13 US cents. The local currency has failed at several attempts to s...

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