The worst may be over for the New Zealand dollar as higher dairy prices and a push-back of interest rate cuts by the nation’s central bank should support the currency. The kiwi may recover toward 62 US cents by March-end as traders abandon bets of a May rate cut, according to forecasts. The currency can reach “the mid-60’s” should the Federal Reserve ease policy before the Reserve Bank of New Zealand, Westpac Banking Corp. analysts wrote in a note. The currency closed at 61.13 cents on Friday. Markets are now pricing an almost 80% chance the RBNZ eases rates in May - less than expectations at the start of January, ... (full story)