A New Zealand Dollar note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration/File Photo
SYDNEY: New Zealand’s dollar is set to suffer more pain, as markets brace for a string of interest-rate cuts from the central bank starting this week.
Commonwealth Bank of Australia predicts the currency will decline to NZ$1.15 per Australian dollar by year-end, the weakest level in more than a decade, while Kiwibank sees the kiwi extending last quarter’s slump against the greenback.
