NZ Dollar Outlook: Kiwi may trade in a range this week ahead of next dairy auction

Mon, 27 Jul 2015

By Tina Morrison July 27 (BusinessDesk) - The New Zealand dollar may remain rangebound this week as traders assess their positions ahead of next week's GlobalDairyTrade auction. The kiwi may trade between 63.65 US cents and 67.50 cents this week, according to a BusinessDesk survey of 11 currency advisers. Three expect the kiwi to gain, three bet it will fall and five say it will remain little changed. It recently traded at 65.80 US cents. The local currency has lost 16 percent of its value against the US dollar so far this year as pric...

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