NZ Dollar Outlook Kiwi in for a volatile ride as slew of data collides with Fed ahead of holidays

Mon, 16 Dec 2013

By Tina Morrison Dec. 16 (BusinessDesk) – The New Zealand dollar may have a volatile ride this week with a slew of pre-Christmas announcements including what could be the start to tapering by the Federal Reserve on Thursday and reports on the nation’s economic growth. The local currency may trade between 80.50 US cents and 84.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. One expects the currency to remain unchanged while six say it may gain and three expect a drop. The kiwi recently traded at 82.67 US c...

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