NZ Dollar Outlook Kiwi may fall on growth concerns, ECB inaction

Sun, 12 Aug 2012

By Hannah Lynch Aug. 13 (BusinessDesk) - The New Zealand dollar may fall this week amid continued concern that global growth remains stalled as investors await news of European Central Bank action. The New Zealand dollar recently traded at 81.16 US cents little changed from 81.13 cents at 8am. That's right in the middle of this week's forecast trading range of 80 cents to 82.30 cents, according to a BusinessDesk survey of five analysts. All of the analysts surveyed predict the kiwi will finish the week lower. Figures on Friday showed Ch...

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