NZ Dollar Outlook Kiwi may lack direction as investors weigh NZ, US forces

Mon, 10 Jun 2013

By Tina Morrison June 10 (BusinessDesk) – The New Zealand dollar may struggle for direction this week as investors weigh the possibility of a higher interest rate track in New Zealand against signs of recovery in the US. The kiwi may trade between 77 US cents and 81 cents this week, according to a BusinessDesk survey of six traders and strategists who were split on the local currency’s likely direction. It recently dropped to 78.65 US cents, from 78.85 cents in New York on Friday, and earlier touched 78.20 cents, the lowest since July 2012....

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