NZ Dollar Outlook Kiwi may decline as Federal Reserve heads towards September tapering

Mon, 26 Aug 2013

By Tina Morrison Aug. 26 (BusinessDesk) – The New Zealand dollar may decline this week as investors prepare for the Federal Reserve to start tapering its bond buying programme next month, putting upward pressure on the greenback. The local currency may trade between 76.40 US cents and 80.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Four expect the currency to decline, three expect it to gain and three say it will likely remain unchanged. The kiwi recently traded at 78.20 US cents from 78.11 cents at 8a...

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