NZ Dollar Outlook Kiwi may end the week unchanged as US tapering expectations dominate

Mon, 12 Aug 2013

By Tina Morrison Aug 12 (BusinessDesk) – The New Zealand dollar may end the week little changed should US economic indicators point to a revival in the world’s largest economy, bolstering expectations of a pullback in monetary stimulus. The local currency may trade between 78.50 US cents and 82.50 cents this week, according to a BusinessDesk survey of nine traders and strategists. Five expect the kiwi to remain unchanged while four expect it to gain. The kiwi recently traded at 80.30 US cents, from 80.34 cents at 8am in Wellington. Traders w...

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