NZ Dollar Outlook Kiwi may gain in afterglow of GDP as Cyprus hurdle looms

Sun, 24 Mar 2013

By Jonathan Underhill March 25 (BusinessDesk) – The New Zealand dollar may gain as investors are drawn to the relative outperformance of the local economy in a week front-loaded with risk around Cyprus’s deadline to agree terms for a bailout by the end of Monday. The kiwi recently traded at 83.48 US cents from 83.52 cents in late New York trading on Friday in New York. The trade-weighted index slipped to 76.48 from 76.53. It made trade in a range of 82.20 US cents to 84.50 cents this week, with a bias to the topside, according to a BusinessDe...

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