NZ dollar tests lows at the start of the week

Sun, 13 Jan 2013

Wellington, Jan 14 (BusinessDesk) - The New Zealand dollar is testing support levels at the start of the week after profit-taking from higher levels shunted it lower on Friday. But dealers say a return of upward momentum is likely this week depending on events offshore, the most important of which will be the performance of banks in the US reporting season. The kiwi fell to 83.71 US cents at 8am from 84.25 US cents at 5pm on Friday, which was down from 84.46 cents in the morning on Friday. The kiwi has support at 83.55 US cents after option...

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