NZ Dollar Outlook Kiwi may gain on Greek hopes, yield appeal

Mon, 26 Nov 2012

Jonathan Underhill Nov. 26 (BusinessDesk) – The New Zealand dollar may rise from a month-high this week on hopes of progress on Greek financial aid, America’s fiscal cliff and speculation the kiwi may once again become a favourite for the carry trade. The New Zealand dollar recently traded at 82.37 US cents, having rallied in US trading on Friday from the 81.63 cents level it reached in Wellington at the end of last week. It is expected to trade in a range of 80.50 US cents to 83.50 cents, based on a BusinessDesk survey of six strategists. Fi...

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