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NZ Dollar Outlook Kiwi range-bound until US government impasse resolved

The New Zealand dollar may be range-bound this week, ending largely unchanged, as investors wait on the sidelines for the US government to end its deadlock. The local currency may trade between 81.50 US cents and 84.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Six expect the currency to be largely unchanged with only …

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World Week Ahead Shutdown impact widens

Nobody has blinked yet in the US budget standoff and lawmakers seem further from rather than closer to reaching an accord, bolstering concern about another political hot potato-the need to raise the federal government’s debt ceiling to avoid default. The partial shutdown of the government as a result of the budget stalemate is now headed into its second week. A …

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