NZ Dollar Outlook Kiwi may gain as investors focus on future rate hike; overlook GDP, tapering

Mon, 16 Sep 2013

By Tina Morrison Sept. 16 (BusinessDesk) – The New Zealand dollar may gain this week as investors overlook a temporary dip in second-quarter growth and a modest start to tapering in the US to focus on a looming interest rate hike next year. The local currency may trade between 79.50 US cents and 83.50 cents this week, according to a BusinessDesk survey of nine traders and strategists. Five expect the currency to advance while four expect it to decline. The kiwi recently traded at 81.91 US cents from 81.34 cents at 8am in Wellington. The New...

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