NZ Dollar Outlook Kiwi may hold at current levels this week as investors mull outlook for tapering

Sun, 10 Nov 2013

By Tina Morrison Nov 11 (BusinessDesk) - The New Zealand dollar may hold around current levels this week as investors mull the outlook for tapering in the US following stronger economic reports. The local currency may trade between 80.80 US cents and 83.80 cents this week, according to a BusinessDesk survey of nine traders and strategists. Six expect the currency to remain unchanged while three say it may decline. The kiwi recently traded at 82.55 US cents from 82.34 cents at 8am in Wellington. The market is focussed on when the Federal Rese...

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