UPDATE: NZ Dollar Outlook: Kiwi may decline as weak inflation damps forecasts for rate hikes

Mon, 20 Oct 2014

(Adds additional forecasts in second paragraph.) By Tina Morrison Oct. 20 (BusinessDesk) - The New Zealand dollar may decline this week on the expectation weak inflation data will prompt a pull back in forecasts for future interest rate hikes, reducing demand for the local currency. The kiwi will probably trade between 77.40 US cents and 81 cents, according to a BusinessDesk survey of 11 traders and strategists. Seven expect the local currency to decline, while two pick it to rise and two say it will likely remain largely unchanged. Th...

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