NZ Dollar Outlook Kiwi may fall as investors ponder strength of economy

Sun, 11 Nov 2012

By Jonathan Underhill Nov. 12 (BusinessDesk) - The New Zealand dollar, trading near a three-week low, may fall further amid concerns last week’s jobs data shows the domestic economy is struggling, putting the focus on upcoming figures including retail sales this week. The kiwi dollar recently traded at 81.45 US cents, down from81.67 cents in late New York trading on Friday. Traders say 81 cents is the next key support and is a level it hasn’t broken below since Sept. 11. Five of six traders and strategists in a BusinessDesk survey say the kiw...

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