NZ Dollar Outlook Kiwi may rise on Spanish bailout speculation

Sun, 05 Aug 2012

By Hannah Lynch Aug. 6 (BusinessDesk) - The New Zealand dollar may extend gains from a three-month high this week on speculation Spain will prompt the European Central Bank to resume is bond-buying programme, boosting demand for risker-assets. The New Zealand dollar recently traded at 81.78 US cents, little changed from 81.89 cents at 8am. That's right in the middle of this week's trading range of 80.50 cents to 83.20 cents, according to a BusinessDesk survey of five analysts. Three out of five analysts predict the kiwi will finish the week...

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