NZ Dollar Outlook Kiwi likely to stay in limbo as outcome of US budget, debt talks uncertain

Sun, 13 Oct 2013

By Tina Morrison Oct. 14 (BusinessDesk) – The New Zealand dollar may be little changed this week as investors await the end of a political stalemate in the US which has stalled approval of the budget and threatens to hamper the passing of a higher debt limit, threatening to send the world’s largest economy into debt default. The local currency may trade between 81.80 US cents and 84.50 cents this week, according to a BusinessDesk survey of nine traders and strategists. Six expect the currency to remain unchanged, two predict it will decline,...

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