NZ Dollar Outlook Kiwi may gain as RBNZ rate decision highlights strengthening local economy

Mon, 09 Sep 2013

By Tina Morrison Sept. 9 (BusinessDesk) – The New Zealand dollar may gain this week as the central bank’s pending decision on interest rates draws attention to the strengthening local economy, highlighting that the next move in interest rates will be up. The local currency may trade between 77.20 US cents and 82 cents this week, according to a BusinessDesk survey of nine traders and strategists. Four expect the currency to advance, two expect it to decline and three say it will likely remain unchanged. The kiwi recently traded at 79.65 US ce...

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