NZ Dollar Outlook Kiwi's fate at mercy of political tensions, global growth

Mon, 03 Mar 2014

By Tina Morrison March 3 (BusinessDesk) – The New Zealand dollar is likely to be driven by escalating tensions between Ukraine and Russia in the next few days. Should the dispute stabilise, attention will turn to the performance of the Chinese and US economies later in the week. The kiwi may trade between 81.80 US cents and 85 cents this week, according to a BusinessDesk survey of 11 traders and strategists. Five expect the local currency to decline, three expect it to advance while three say it will likely be little changed. The New Zealand...

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