NZ Dollar Outlook: Kiwi may rise as RBA, dairy auction awaited

Mon, 02 May 2016

By Tina Morrison May 2 (BusinessDesk) - The New Zealand dollar may rise this week on the prospects that the Reserve Bank of Australia will cut interest rates while prices are seen rising at the latest dairy auction. The kiwi may trade between 68 US cents and 72 cents this week, according to 11 currency analysts surveyed by BusinessDesk. Six expect a gain, two pick a decline and three say it will likely remain relatively unchanged. It recently traded at 70.12 US cents. All eyes will be on whether the RBA reduces its 2 percent benchmark...

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