NZ Dollar Outlook Kiwi may gain if Fed announces ‘QE3.5’

Sun, 09 Dec 2012

By Jonathan Underhill Dec. 10 (BusinessDesk) – The New Zealand dollar may gain this week though that would likely require further new measures from the US Federal Reserve and strategists are divided on whether it would take such a step without the fiscal cliff being resolved. The kiwi dollar recently traded at 83.32 US cents, edging up from 83.24 cents in New York on Friday after Fonterra Cooperative Group raised its forecast payout to farmers. The currency climbed on Friday following stronger-than-expected payrolls data. It may trade in a r...

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