NZ Dollar Outlook Kiwi may fall this week on downside risks to global data

Mon, 29 Apr 2013

April 29 (BusinessDesk) – The New Zealand dollar may fall this week on the risk that manufacturing figures from China and US payrolls will add to signs of global weakness and traders await decisions from the Federal Reserve and European Central Bank. The kiwi dollar recently traded at 84.97 US cents, from 84.75 cents on Friday in New York. It reached as high as 85.62 cents on Friday. The currency may trade in a range of 83 US cents to 86 cents this week, and is more likely to test the bottom of that range, according to a BusinessDesk survey o...

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