NZ Dollar Outlook: Kiwi's fate this week at the mercy of US interest rate views

Sun, 19 Apr 2015

By Tina Morrison April 20 (BusinessDesk) - The New Zealand dollar's fortunes will probably be determined by changing views of US interest rates this week, after softer US economic data prompted some investors to push out their expectations of a rate hike by the US Federal Reserve. The kiwi may trade between 74.50 US cents and 78.60 cents, according to a BusinessDesk survey of 13 currency advisers. Five expect the kiwi could gain, five bet it will fall and three say it will likely remain largely unchanged. The dollar index, which measur...

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