NZ Dollar Outlook Kiwi to breach 85 cents as greenback stays out of favour

Sun, 16 Dec 2012

Dec. 17 (BusinessDesk) – The New Zealand dollar looks set to breach 85 US cents for the first time in 15 months provided third-quarter growth figures don’t disappoint and Washington remains stalled on fiscal cliff talks. The kiwi dollar recently traded at 84.60 US cents from 84.56 cents in New York on Friday. The trade-weighted index rose to 75.45 from 75.31. The local currency may trade in a range of 83.50 US cents to 85.70 cents this week, according to a BusinessDesk survey. The kiwi dollar may ease back from its highs toward the end of th...

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