NZ Dollar Outlook: Kiwi to fall on Brussels summit

Sun, 24 Jun 2012

By Hannah Lynch June 25 (BusinessDesk) - Foreign exchange analysts say the New Zealand dollar may fall this week as European policymakers meet to discuss their responses to the region's sovereign debt concerns at a summit in Brussels. The New Zealand dollar recently traded at 78.95 US cents, up from 78.90 cents just before 8am. That's right in the middle of this week's predicted trading range of 76.50 cents to 80.60 cents, according to a poll of five analysts in a BusinessDesk survey. Of the analysts surveyed, three said the kiwi will fini...

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