NZ Dollar Outlook Kiwi set to move lower as Ukraine tension, Fed taper weigh

Mon, 17 Mar 2014

By Tina Morrison March 17 (BusinessDesk) – The New Zealand dollar may decline from elevated levels this week as concerns about tensions in Ukraine and a likely pullback in stimulus by the Federal Reserve weigh on the currency. The local dollar may trade between 83.40 US cents and 86.50 cents this week, according to a BusinessDesk survey of nine traders and strategists. Six predict the kiwi will decline this week, while one expects an increase and two see it largely unchanged. The kiwi recently traded at 85.36 US cents from 85.25 cents at 8am....

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