NZ Dollar Outlook: Traders split on direction for kiwi this week

Mon, 23 Jun 2014

By Tina Morrison June 23 (BusinessDesk) - The New Zealand dollar may struggle for direction this week as traders weigh the latest overseas and local growth indicators. The local currency may trade between 85 US cents and 88.20 cents this week, according to a BusinessDesk survey of 10 traders and strategists, who are split on the kiwi's trajectory this week. Four expect the currency to decline, three predict it will gain and three pick it to remain largely unchanged. It recently traded at 87.19 US cents. New Zealand's economic strength...

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