NZ Dollar Outlook: Kiwi to fall as markets downplay Bernanke's testimony, CPI looms

Sun, 15 Jul 2012

By Hannah Lynch July 16 (BusinessDesk) - The New Zealand dollar may fall this week amid expectations Federal Reserve Chairman Ben Bernanke won't signal further monetary easing, while locally inflation numbers are likely to be tame enough to rule out interest rate hikes anytime soon. The New Zealand dollar recently traded at 79.78 US cents up from 79.67 cents at 8am. That's right in the middle of this week's predicted trading range of 78.50 cents to 80.80 cents, according to a BusinessDesk survey of five analysts. Four out of the five analy...

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