NZ Dollar Outlook: Kiwi may gain as Spain taps ECB funding, Greeks favour austerity

Mon, 28 May 2012

By Hannah Lynch May 28 (BusinessDesk) - The New Zealand dollar may rise this week on speculation Spain will tap European Central Bank funding to bail out its banks and on signs that Greeks will accept EU-impose austerity measures as they head back to the polls. The New Zealand dollar recently traded at 75.95 US cents, up from 72.75 cents at 8am. That's right in the middle of this week's predicted range of 73.70 cents to 78 cents, according to a poll of five analysts by BusinessDesk. Of the analysts surveyed, three said the kiwi will finish...

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