NZ Dollar Outlook Kiwi may rise as greenback falls out of favour

Sun, 08 Dec 2013

By Tina Morrison Dec. 9 (BusinessDesk) – The New Zealand dollar may rise this week as sentiment turns against the US dollar even as data shows the world’s largest economy is improving. The local currency may trade between 80.80 US cents and 84.50 cents this week, according to a BusinessDesk survey of 11 traders and strategists. Nine expect the currency to advance while two say it may drop. The kiwi recently traded at 82.91 US cents from 82.82 cents at 8am in Wellington. Traders have ditched the greenback even following better employment dat...

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