NZ Dollar Outlook: Kiwi may rise this week on upbeat dairy auction, higher yields

Sun, 15 Feb 2015

By Tina Morrison Feb. 16 (BusinessDesk) - The New Zealand dollar may gain this week on speculation lower milk production will push up prices for the nation's biggest export at the GlobalDairyTrade auction and as investors continue to favour the country's higher interest rates. The kiwi may trade between 73.20 US cents and 77 cents this week, according to a BusinessDesk survey of 11 currency strategists and advisers. Ten say the local currency will advance while one expects it to remain broadly unchanged. It recently traded at 74.81 US cen...

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