NZ Dollar Outlook Kiwi may gain if Federal Reserve minutes omit tapering signal

Mon, 19 Aug 2013

By Tina Morrison Aug. 19 (BusinessDesk) – The New Zealand dollar may gain this week should traders fail to see any signal in Federal Reserve minutes about when the US central bank may start tapering its US$85 billion a month bond buying programme, which has debased the greenback. The local currency may trade between 79.25 US cents and 82.25 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Seven expect the currency to gain, two expect it to decline and one says it will likely remain unchanged. The kiwi recentl...

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