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View Full Version : New Zealand Dollar May Fall to 6 1/2-Year Low, Commerzbank Says - Bloomberg



NewsWhore
03-11-2009, 03:31 PM
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New Zealand Dollar May Fall to 6 1/2-Year Low, Commerzbank Says (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601081%26sid%3Da_m0.FMf7jSA%26refer%3Daustralia&cid=1314081352&ei=VRK4SevEI6XWMI2T7ewJ&usg=AFQjCNFaIDaWx3VyoROtIq6YPjarwRr6ng)
Bloomberg
The central bank may reduce the official cash rate by 75 basis points to 2.75 percent tomorrow, which could push the currency “toward the key technical support zone” between 48.70 and 49.20 US cents, Antje Praefcke, a currency strategist at Commerzbank ...


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