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Home / Hawkes Bay Today / Business

Dollar likely to fall against US say economists

Hawkes Bay Today
1 Aug, 2011 09:24 PMQuick Read

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The New Zealand dollar, trading near a post-float high, may fall this week after US policymakers tentatively agreed to a package of spending cuts that will allow the government to continue borrowing and avoid a default.
Four of the seven economists and market strategists polled saw the kiwi falling if the
US reached a deal. Two saw the currency gaining amid ongoing US dollar weakness, while one saw the kiwi falling regardless of the deal as it corrects from being overbought.
The kiwi recently traded at US88.11c and may trade between a median range of US86.36c and 89.25c this week.

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