NZ Dollar Outlook Kiwi may advance as investors bet Fed will delay tapering after US shutdown

Sun, 20 Oct 2013

By Tina Morrison Oct. 21 (BusinessDesk) – The New Zealand dollar may gain this week as investors bet the partial US government shutdown will prompt the Federal Reserve to continue its monetary stimulus for longer, weighing on the greenback. The local currency may trade between 83.50 US cents and 86.20 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Seven expect the currency to advance while two say it may remain unchanged and one predicts it will fall. The kiwi recently traded at 84.98 US cents from 84.81 c...

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