NZ Dollar Outlook Kiwi may decline as investors seek improving returns in the US

Mon, 24 Jun 2013

By Tina Morrison June 24 (BusinessDesk) – The New Zealand dollar may decline this week as the yield appeal of the kiwi diminishes amid expectations of better times ahead for the US economy. The local currency may trade between 75 US cents and 80 cents this week, with a downside bias, according to a BusinessDesk survey of nine traders and strategists. The kiwi recently traded at 77.64 US cents from 77.52 cents at the New York close Friday, when it dipped below 77 cents for the first time in a year. Federal Reserve chairman Ben Bernanke last w...

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