NZ DOLLAR OUTLOOK Kiwi may weaken ahead of RBNZ review

Mon, 22 Oct 2012

By Jonathan Underhill Oct. 23 (BusinessDesk) – The New Zealand dollar may fall this week, rounding out the quietest month in at least a year, amid expectations the new Reserve Bank governor will keep rates unchanged or even hint at cuts in his debut review of monetary policy. The kiwi dollar recently traded at 81.75 US cents and may trade as low as 80.80 US cents this week, based on a BusinessDesk survey of six strategists. The survey puts the trading range as wide as 80.80 cents to 82.50 cents. So far in October, the kiwi dollar has moved...

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