NZ Dollar Outlook Kiwi may gain an improving risk sentiment, US economic concerns

Sun, 09 Feb 2014

By Tina Morrison Feb. 10 (BusinessDesk) – The New Zealand dollar may gain this week as improving global sentiment turns investor focus to higher risk, higher growth assets such as the kiwi. The local currency may trade between 80.40 US cents and 84.30 cents this week, according to a BusinessDesk survey of 11 traders and strategists. Seven predict the kiwi will rise this week, while three expect it to remain largely unchanged and one expects a drop. It recently traded at 82.75 US cents from 82.83 cents at 8am. Investors are more comfortable...

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