NZ Dollar Outlook Kiwi moves likely to be determined by overseas events this week

Mon, 07 Apr 2014

By Tina Morrison April 7 (BusinessDesk) – The New Zealand dollar will probably take its direction from overseas sentiment this week, with little on the local agenda as investors anticipate a rise in interest rates later this month. The local currency may trade between 84 US cents and 87 cents this week, according to a BusinessDesk survey of 11 traders and strategists. Six predict the kiwi will fall this week, while one expects it to gain and four see it largely unchanged. It recently traded at 86.10 US cents. Investors are weighing competin...

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