DOLLAR OUTLOOK Upward bias likely again for NZ dollar

Mon, 14 Jan 2013

By Pam Graham Jan. 14 (BusinessDesk) - The New Zealand dollar may gain this week as buyers return at lower levels while keeping a wary eye on commodity prices, business confidence and the US earnings season. The kiwi dollar recently traded at 83.66 US cents from 84.25 cents on Friday. It may trade between 83.00 US cents and 84.70 cents this week, with a bias to the upside, according to a BusinessDesk survey of four traders and strategists. The range is similar to last week, a week in which and the currency traded to 84.61 cents. “I’m going...

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