NZ Dollar Outlook: Kiwi may remain rangebound this week amid conflicting forces

Mon, 09 Feb 2015

By Tina Morrison Feb. 9 (BusinessDesk) - The New Zealand dollar may be range bound this week as a lack of local data sees its value determined by its higher relative yield in the face of a strengthening US dollar. The kiwi may trade between 71 US cents and 75 cents this week, according to a BusinessDesk survey of 10 currency traders, strategists and advisors. Four say the local currency will fall, three expect it to gain and three pick it to remain broadly unchanged. It recently traded at 73.52 US cents. The New Zealand dollar began th...

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