NZ Dollar Outlook: Kiwi to fall on Spain fears; RBNZ looms

Sun, 22 Jul 2012

By Hannah Lynch July 23 (BusinessDesk) - The New Zealand dollar may fall this week amid concerns a 100 billion euro bailout for Spain won’t be enough to prevent the nation’s heading the same way as Greece, while locally the Reserve Bank is expected to keep interest rates at a record low. The New Zealand dollar recently traded at 79.68 US cents, little changed from 79.70 cents at 8am. That's right in the middle of this week's predicted trading range of 78 cents to 80.80 cents, according to a BusinessDesk survey of five analysts. Four out of...

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