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

Mon, 24 Aug 2015

By Tina Morrison Aug. 24 (BusinessDesk) - The New Zealand dollar's fortunes will probably be determined by changing views of US interest rates this week after softer-than-expected sentiment in the minutes of the US Federal Reserve's last meeting prompted some investors to push out their expected timing for a rate hike. The local currency may trade between 64.50 US cents and 68 cents this week, according to a BusinessDesk survey of 10 currency analysts. Three expect the kiwi to gain, three say it may fall and four say it will likely remain...

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