NZ Dollar Outlook: Kiwi to rise on relief over Greek poll, prospect of Fed easing

Sun, 17 Jun 2012

By Hannah Lynch June 18 (BusinessDesk) - The New Zealand dollar may rise this week after Greece's New Democracy party won enough seats to form a majority government and on speculation the Federal Reserve will take further steps to stoke the US economy, underpinning global growth. The New Zealand dollar recently traded at 79.07 US cents, up from 78.88 cents at 8am. That's right in the middle of this week's trading range of 77.50 cents to 81.60 cents, according to a poll of five analysts in a BusinessDesk survey. Of the analysts surveyed, four...

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