NZ Dollar Outlook Kiwi may fall as Fed decision looms, Cyprus unnerves markets

Mon, 18 Mar 2013

March 18 (BusinessDesk) – The New Zealand dollar may fall this week, with the US Federal Reserve’s statement on Thursday and fallout over Cyprus’s bailout likely to trump local economic growth and balance of payments data. The kiwi dollar recently traded at 82.23 US cents, down from 82.72 cents in New York trading on Friday. It may trade in a range of 81 cents to 83.50 cents this week, little changed in the past month, according to a BusinessDesk survey of five traders and strategists. Four of the five see it weakening this week. The kiwi do...

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