NZ Dollar Outlook Kiwi may fall with risk long bets are disappointed

Sun, 30 Sep 2012

By Jonathan Underhill Oct. 1 (BusinessDesk) - The New Zealand dollar may fall this week with the risk that traders betting on further gains are disappointed if there are further signs of global economic weakness or the Reserve Bank of Australia fails to cut interest rates tomorrow. The local dollar last traded at 82.78 US cents, down from 82.97 cents in late New York trading on Friday. The kiwi will trade in a range of 81.80 US cents to 83.50 cents this week, based on a BusinessDesk survey of six analysts. Four of the six said the currency ma...

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