RESEND NZ Dollar Outlook Kiwi may gain as investors focus on future rate hike; overlook GDP, tapering

Mon, 16 Sep 2013

(Fixes reference to current account in 10th paragraph) By Tina Morrison Sept. 16 (BusinessDesk) – The New Zealand dollar may gain this week as investors overlook a temporary dip in second-quarter growth and a modest start to tapering in the US to focus on a looming interest rate hike next year. The local currency may trade between 79.50 US cents and 83.50 cents this week, according to a BusinessDesk survey of nine traders and strategists. Five expect the currency to advance while four expect it to decline. The kiwi recently traded at 81.91...

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