NZ Dollar Outlook Kiwi may consolidate ahead of retail sales, G-20

Sun, 10 Feb 2013

Feb. 11 (BusinessDesk) – The New Zealand dollar may consolidate in its recent range this week with little important economic data and a looming G-20 meeting where the strength of major currencies may come into focus. The kiwi dollar recently traded at 83.60 US cents, up from 83.49 cents in late New York trading on Friday. It may trade in a range of 82.50 cents to 85 cents this week though traders and strategists are divided on where it will head within that range. In a BusinessDesk survey, three saw it gaining, two saw it little changed and t...

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