NZ Dollar Outlook: Traders split on outlook for kiwi as commodity, inflation eyed

Mon, 18 Apr 2016

By Tina Morrison April 18 (BusinessDesk) - The New Zealand dollar may be headed for a volatile ride this week as traders weigh the outlook for commodity prices and inflation. The kiwi may trade between 67.50 US cents and 71 cents this week, according to 11 currency analysts surveyed by BusinessDesk. Four expect a gain, four say it will likely remain broadly unchanged, while three bet it could decline. It recently traded at 68.95 US cents. Oil prices plunged almost 7 percent in early trading today after a meeting of major oil producers...

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