NZ Dollar Outlook: Kiwi seen heading lower as traders bet on US rate hikes

Mon, 09 Nov 2015

By Tina Morrison Nov. 9 (BusinessDesk) - The New Zealand dollar, which has shed more than 3 percent so far this month, is likely to drop further this week as momentum builds for interest rate hikes in the US. The kiwi may trade between 62.85 US cents and 67.50 cents this week, according to a BusinessDesk survey of 10 currency analysts. Eight expect the kiwi to fall, two say it may remain relatively unchanged and none picked it to rise. It recently traded at 65.38 US cents. The US dollar is heading higher as traders increasingly bet tha...

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