NZ Dollar Outlook Kiwi soft as RBNZ holds off, Fed tapers, amid emerging market woes

Mon, 27 Jan 2014

By Tina Morrison Jan 27 (BusinessDesk) – The New Zealand dollar may decline this week on the expectation the Reserve Bank could disappoint some investors by holding off on interest rate rises as the greenback is bolstered by US Federal Reserve tapering and concerns linger about emerging markets. The local currency may trade between 80.80 US cents and 84.20 cents this week, according to a BusinessDesk survey of six traders and strategists. Four predict the kiwi will fall this week, while two expect it to remain largely unchanged. It recently t...

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