NZ Dollar Outlook Kiwi may extend gains ahead of US payrolls data

Sun, 05 Jan 2014

By Tina Morrison Jan. 6 (BusinessDesk) – The New Zealand dollar will probably continue its upward momentum this week on the back of a positive economic outlook. The local currency may trade between 81.20 US cents and 84.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Eight expect the currency to rise while one says it will be unchanged and one expects a decline. The kiwi recently traded at 82.69 US cents from 82.81 cents at 8am in Wellington. Positive momentum in the New Zealand economy means the nation’...

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