NZ Dollar Outlook Kiwi will take lead from US Federal Reserve, economic reports

Mon, 29 Jul 2013

By Tina Morrison July 29 (BusinessDesk) – The New Zealand dollar will probably take its lead from the US this week, where traders will be looking for guidance from Federal Reserve chairman Ben Bernanke on future monetary stimulus, and reports on how the economy is tracking. The local currency may trade between 78.60 US cents and 82.30 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Seven expect the New Zealand dollar to rise this week while three say it may fall. The kiwi recently traded at 80.86 US cents,...

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