Japanese and US policy the focus of NZ Dollar market this week

Mon, 21 Jan 2013

Jan. 21 (BusinessDesk) – The New Zealand dollar will struggle to exhibit a clear trend this week with Japanese monetary policy and US budget policy at the top of traders’ minds. The kiwi recently traded at 83.46 US cents from 83.64 cents at 5pm on Friday. It may trade in a range of 81.80 cents to 84.70 cents this week, according to a BusinessDesk survey of four traders and strategists. “I’m seeing that the uptrend since June last year remains intact as long as 82.00 cents holds,” Imre Speizer, senior markets strategist at Westpac, said. “Mom...

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