NZ Dollar Outlook Kiwi may trade in narrow range as investors mull Fed tapering outlook

Mon, 23 Sep 2013

By Tina Morrison Sept 23 (BusinessDesk) – The New Zealand dollar may trade in a tight range this week as investors consider when the Federal Reserve is likely to start paring back its US$85 billion-a-month monetary stimulus after unexpectedly chosing to keep the package unchanged last week. The local currency may trade between 82 US cents and 84.80 cents this week, according to a BusinessDesk survey of seven traders and strategists. Four expect the currency to decline while two expect it to advance and one says it will remain unchanged. The k...

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