NZ Dollar Outlook Kiwi may fall this week as signs of US recovery support greenback

Mon, 13 May 2013

By Tina Morrison May 13 (BusinessDesk) - The New Zealand dollar may decline this week as a resurgent US currency is buoyed by optimism growth is accelerating in the world's largest economy. The kiwi dollar recently traded at 82.77 US cents, from 82.98 cents late Friday in New York, and earlier touched a seven-week low of 82.58 cents. The dollar may trade in a range of 81.50 US cents to 84 US cents this week with a downside bias, according to a BusinessDesk survey of five strategists and traders. The US dollar index, a measure of the greenbac...

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