NZ Dollar Outlook Kiwi may decline as stronger US economic data points to pull back in stimulus

Sun, 24 Nov 2013

By Tina Morrison Nov. 25 (BusinessDesk) – The New Zealand dollar may decline this week as stronger US economic data suggests the Federal Reserve may start pulling back on its US$85 billion a month bond buying programme as early as next month. The local currency may trade between 80 US cents and 83.90 cents this week, according to a BusinessDesk survey of eight traders and strategists. Four expect the currency to decline, three expect it to remain unchanged while one says it may gain. The kiwi recently traded at 81.81 US cents from 81.83 cents...

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