RESEND: NZ Dollar Outlook: Kiwi may continue decline after drop to 4-year low

Mon, 02 Feb 2015

(Fixes majority view in 2nd graph) By Tina Morrison Feb. 2 (BusinessDesk) - The New Zealand dollar, which fell to a four-year low after the Reserve Bank last week dropped its tightening bias and opened the door to possible rate cuts, may continue its decline this week. The kiwi may trade between 70 US cents and 74.90 cents, according to a BusinessDesk survey of 12 currency traders and strategists. Seven expect the currency to fall, while two say it may rise and three bet it will remain broadly unchanged. It was recently trading at 72.6...

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