NZ Dollar Outlook: Kiwi may rise as traders await new impetus following declines

Mon, 10 Aug 2015

By Tina Morrison Aug. 10 (BusinessDesk) - The New Zealand dollar may advance this week as traders have already priced in a weaker dairy sector and there is little new information scheduled for release to drive the currency further. The kiwi may trade between 64.80 US cents and 67.70 cents this week, according to a BusinessDesk survey of 11 currency advisers. Seven expect the currency to gain, while four say it will be little changed. None expect it to decline. The local currency recently traded at 66.06 US cents. The New Zealand dollar...

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