NZ Dollar Outlook Kiwi may gain on signs of growth, jobs data eyed

Mon, 06 May 2013

By Tina Morrison May 6 (BusinessDesk) - The New Zealand dollar may rise this week as stronger global equity and commodity markets stoke demand for the currency and an improving local economy boosts employment. The kiwi dollar recently traded at 85.41 US cents, from 85.32 cents on Friday in New York. It has risen 3.1 percent so far this year, or 5.2 percent on a trade-weighted basis. The currency may trade in a range of 83.80 US cents to 86.5 cents this week and is more likely to test the top of that range, according to a BusinessDesk survey o...

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