NZ Dollar Outook: Kiwi may decline this week as weaker data weighs

Mon, 01 Sep 2014

By Tina Morrison Sept. 1 (BusinessDesk) - The New Zealand dollar may decline this week as weaker commodity prices and building activity weigh on the local currency, while US data continues to improve. The kiwi will probably trade between 82.20 US cents and 84.50 cents this week, according to a BusinessDesk survey of 11 currency traders and strategists. Nine expect the currency to decline, while two say it will probably remain broadly unchanged. None picked it to rise. The New Zealand dollar recently traded at 83.50 US cents. Weaker pri...

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