NZ Dollar Outlook: kiwi may fall on US employment, Europe woes

Sun, 08 Jul 2012

By Hannah Lynch July 09 (BusinessDesk) - The New Zealand dollar faces downward pressure this week as investors search for fresh clues on the pace of global growth after US employment figures missed estimates and Europe struggles to find a credible solution to its debt crisis. The New Zealand dollar recently traded at 79.65 US cents, little changed from 79.61 cents at 8am. That's right in the middle of this week's predicted trading range of 78.40 cents to 80.80 cents, according to a BusinessDesk survey of five analysts. Three of the five an...

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