Kiwi may weaken in run-up to Christmas, in reprieve for exporters, survey shows

Mon, 30 Sep 2013

By Tina Morrison Oct. 1 (BusinessDesk) – The New Zealand dollar may decline toward the end of the year, helping exporters such as fishing company Sanford who see the value of their overseas sales eroded when the currency rises. The kiwi, which recently traded at 83.16 US cents, is likely to decline to 79.50 US cents by the end of 2013 as the US starts trimming back its money printing programme, boosting the value of the greenback, according to the median forecast in the BusinessDesk quarterly currency survey of 10 currency traders and strateg...

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