NZ Dollar OutlookKiwi may gain as acid goes on US recovery after weak jobs figure

Sun, 12 Jan 2014

By Paul McBeth Jan. 13 (BusinessDesk) - The New Zealand dollar may gain this week as investors tune into US economic indicators after a weak reading of the labour market on Friday sparked fears the Federal Reserve may stall plans to scale back its monetary stimulus, while New Zealand’s upbeat outlook is expected to be reaffirmed by local data. The local currency may trade between 82 US cents and 84.30 cents this week, according to a BusinessDesk survey of nine traders and strategists. Eight predict the currency will gain, and one expects it...

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