NZ Dollar Outlook Kiwi may decline on end to US stimulus, Chinese slowdown

Mon, 01 Jul 2013

By Tina Morrison July 1 (BusinessDesk) - The New Zealand dollar may decline this week on speculation about the removal of asset purchasing stimulus in the US and on concern Chinese growth may be faltering. The local currency may trade between 75 US cents and 80 cents this week, with a lower bias, according to a BusinessDesk survey of nine traders and strategists. Five expect the kiwi to end lower, two expect a rise while two said it would remain steady. The kiwi recently traded at 77.55 US cents from 77.38 cents at the New York close and 78.0...

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