NZ Dollar Outlook Kiwi may trade in recent range as fiscal cliff, stocks eyed

Mon, 19 Nov 2012

Nov. 19 (BusinessDesk) – The New Zealand dollar may trade within its range of the past two months in a week shortened by Thanksgiving in the US as traders ponder the chances of America finding consensus over the fiscal cliff and as the currency takes its lead from equity markets. The New Zealand dollar traded recently at 81.21 US cents, little changed from Friday in New York. That’s closer to the bottom of the range seen this week in a BusinessDesk survey of 80.50 US cents to 82.50 cents. While US Treasury Secretary Timothy Geithner reported...

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