NZ Dollar Outlook Kiwi may decline this week as investors favour US assets

Mon, 20 May 2013

By Tina Morrison May 20 (BusinessDesk) - The New Zealand dollar may decline this week as expectations of a US economic recovery lure investors to the world's largest economy and the greenback. The kiwi dollar recently traded at 80.83 US cents from 80.68 cents late Friday in New York, after touching an 8 ½-month low of 80.58 cents. The dollar may trade in a range of 79.20 US cents to 83 US cents this week, with a downside bias, according to a BusinessDesk survey of five strategists and traders. Reports on Friday showed Americans felt better a...

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