NZ Dollar Outlook Kiwi may decline as US tapering seen likely in September

Mon, 08 Jul 2013

By Tina Morrison July 8 (BusinessDesk) – The New Zealand dollar may decline this week as traders increase bets that the Federal Reserve will start to reduce stimulus in September as the US economy shows signs of improvement. The local currency may trade between 75 US cents and 79 cents this week, with a lower bias, according to a BusinessDesk survey of 10 traders and strategists. Eight expect the kiwi to end lower while two expect a rise. The kiwi recently traded at 77.12 US cents from 77.05 cents at the New York close and 78.12 cents at 5pm...

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