NZ Dollar Outlook Kiwi may advance, buoyed by upbeat economic data

Mon, 02 Dec 2013

By Tina Morrison Dec. 2 (BusinessDesk) – The New Zealand dollar may rise this week as improving economic data strengthens the case for interest rate rises next year. The kiwi may trade between 79.80 US cents and 83.50 cents this week, according to nine currency strategists and traders surveyed by BusinessDesk. Seven expect the currency to advance while two say it may decline. The local currency recently increased to 81.62 US cents from 81.31 cents at 8am in Wellington. New Zealand’s positive economic momentum is expected to continue to show...

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