NZ Dollar Outlook Kiwi may extend gains on demand for growth assets, yield

Mon, 04 Feb 2013

Feb. 4 (BusinessDesk) – The New Zealand dollar may extend its gains this week on rallying equity markets, offshore demand for yield and a favourable outlook for the local economy. The kiwi dollar recently traded at 84.53 US cents and earlier rose to 84.92 cents. It may trade in a range of 83.50 cents to 85.50 cents this week with a bias to the topside, according to a BusinessDesk survey of five traders and strategists. The Dow Jones Industrial Average reached a five-year high in New York on Friday, helped by figures showing the world’s bigge...

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