UPDATE: NZ Dollar Outlook: Kiwi may fall as RBNZ seen cutting interest rates

Mon, 11 May 2015

(Adds forecast to range in second graph.) By Tina Morrison May 11 (BusinessDesk) - The New Zealand dollar may decline this week as more economists bet that the Reserve Bank will start cutting interest rates as early as next month. The kiwi may trade between 72 US cents and 77 cents this week, according to a BusinessDesk survey of 12 currency advisers. Nine expect the kiwi to fall and three say it will probably remain largely unchanged. None expect it to increase. It was recently trading at 74.08 US cents. The New Zealand dollar has...

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