NZ Dollar Outlook Kiwi may fall in week of central bank event risk

Mon, 03 Dec 2012

By Jonathan Underhill Dec. 3 (BusinessDesk) – The New Zealand dollar may fall this week, while staying in its recent trading range, as traders await a plethora of central bank meetings against a background of stalled US fiscal cliff talks. The kiwi dollar recently traded at 81.99 US cents, close to the centre of its trading range since mid-September, while it has gradually appreciated on a trade-weighted basis, with the TWI recently at 73.37. It will remain in a range of about 81 US cents to 83.10 cents this week, according to a BusinessDes...

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