NZ Dollar Outlook Kiwi may gain as investors favour riskier assets

Sun, 17 Nov 2013

By Tina Morrison Nov. 18 (BusinessDesk) – The New Zealand dollar may gain this week as higher risk assets remain in favour. The local currency may trade between 81.80 US cents and 85 cents this week, according to a BusinessDesk survey of nine traders and strategists. Five expect the currency may gain while four expect the currency to remain unchanged. The kiwi recently traded at 83.48 US cents from 83.45 cents at 8am in Wellington. The greenback has softened on expectations the Federal Reserve won’t pull back anytime soon on its US$85 billi...

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