NZ Dollar Outlook: Kiwi may gain as G7 leaders meet, RBA looms

Tue, 05 Jun 2012

By Hannah Lynch June 05 (BusinessDesk) - The New Zealand dollar may rise this week as leaders of the Group of Seven nations meet to discuss Europe’s debt crisis and the Reserve Bank of Australia reviews monetary policy amid speculation it will slash the cash rate. The New Zealand dollar recently traded at 75.86 US cents, up from 75.70 cents at 8am. That's right in the middle of this week's predicted trading range of 74.50 cents to 77.35 cents, according to a poll of six analysts by BusinessDesk. Of the analysts surveyed, four said the kiw...

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