NZ Dollar Outlook Kiwi range-bound until US government impasse resolved

Sun, 06 Oct 2013

By Tina Morrison Oct. 7 (BusinessDesk) - The New Zealand dollar may be range-bound this week, ending largely unchanged, as investors wait on the sidelines for the US government to end its deadlock. The local currency may trade between 81.50 US cents and 84.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Six expect the currency to be largely unchanged with only a slight bias either way, while two expect it to decline and two expect a gain. The kiwi recently traded at 83.06 US cents from 83.12 cents at 8am...

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