NZ Dollar Outlook: Traders split on outlook for kiwi ahead of RBNZ, Fed meetings

Mon, 07 Dec 2015

By Tina Morrison Dec. 7 (BusinessDesk) - Views are split on the direction of the New Zealand dollar this week, reflecting positioning in the currency leading in to the Reserve Bank's review of interest rates on Thursday and the Federal Reserve's meeting next week. The local currency may trade between 65 US cents and 69.25 cents this week, according to nine analysts in a BusinessDesk survey. Five expect the kiwi to gain while four bet it will decline. None are on the fence. It recently traded at 67.15 US cents. Traders have pulled back...

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