NZ dollar faces more downside as improving US economy spurs greenback supporters

Fri, 24 May 2013

By Paul McBeth May 24 (BusinessDesk) - The New Zealand dollar will likely fall below 80 US cents next week as an improving US economy and growing speculation the Federal Reserve will start unwinding its asset purchase programme spurred supporters for the greenback. The kiwi is heading for a 0.4 weekly gain, trading at 80.93 US cents at 5pm in Wellington from 81.45 cents at 8am, and 80.26 cents yesterday. The trade-weighted index rose to 76.35 from 76.06 yesterday and is heading for a 0.2 percent weekly decline. A BusinessDesk survey of fiv...

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