NZ Dollar Outlook: Kiwi may rise to record high as local economy seen outperforming US

Mon, 30 Jun 2014

By Tina Morrison June 30 (BusinessDesk) - The New Zealand dollar, which touched a three-year high last week, may break through that level this week to reach a record since the currency was allowed to trade freely in March 1985 as investors contrast weaker growth prospects in the US with the outlook for a strong local economy. The kiwi may trade between 86.40 US cents and 89.90 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Seven predict the kiwi will rise this week, while two pick it to decline and one...

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