NZ Dollar Outlook Kiwi may gain as bond sale settles, yields appeal

Sun, 28 Oct 2012

By Jonathan Underhill Oct. 29 (BusinessDesk) – The New Zealand dollar may gain this week from near a three-week high as the government’s sale of inflation linked bonds settles, offshore investors are drawn to the nation’s relatively attractive yields and manufacturing and payrolls data looms. The kiwi recently traded at 82.24 US cents from 82.21 cents on Friday in the US. It will trade between 80.90 US cents and 83.55 cents this week, based on a BusinessDesk survey of six strategists, with all saying it will have a positive tone. The Debt M...

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