NZ Dollar Outlook Kiwi may rise on improving local economic data as greenback weakens

Mon, 17 Jun 2013

By Tina Morrison June 17 (BusinessDesk) – The New Zealand dollar may advance this week as signs of an improving local economy boost demand for the local currency while a continuation of economic stimulus in the US debases the greenback. The New Zealand dollar may trade between 78.50 US cents and 82.50 cents this week, with a positive bias, according to a BusinessDesk survey of 10 traders and strategists. The kiwi recently bought 80.76 US cents, from 80.39 cents at the New York close and 80.56 cents at 5pm in Wellington on Friday. Recent rep...

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