NZ Dollar Outlook Kiwi likely to take its lead from US as Fed’s Bernanke speaks

Mon, 15 Jul 2013

By Tina Morrison July 15 (BusinessDesk) – The New Zealand dollar will probably take its lead from the US this week, where traders will be looking for guidance from Federal Reserve chairman Ben Bernanke on future monetary stimulus. The local currency may trade between 76 US cents and 79.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Four expect the New Zealand dollar to remain unchanged, five predict a decline while one expects a gain. The kiwi recently traded at 77.87 US cents, little changed from late N...

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