NZ Dollar Outlook: Kiwi may test post-float high as inflation looms

Mon, 14 Jul 2014

By Paul McBeth July 14 (BusinessDesk) - The New Zealand dollar may test a post-float record this week with second-quarter inflation figures likely to underline the Reserve Bank's path to higher interest rates, though the currency may struggle to hold those gains. The kiwi may trade between 87 US cents and 89 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Four expect the currency will fall this week, three predict it will gain, and three have a neutral bias. The kiwi recently traded at 88.14 US cents....

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