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Kiwi may gain on expectations Fonterra will increase payout forecast

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The New Zealand dollar may rise on expectations Fonterra, the nation's largest exporter, will raise its forecast payout to farmers. The kiwi was little changed at 80.82 US cents, from 80.81 cents at 5pm yesterday. The trade-weighted index edged up to 76.55 from 76.38 yesterday. The world's largest dairy exporter is expected to announce its payout for the 2014 season today after ...

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