There are speculations that with the slop in the American economy, the New Zealand dollar may witness an upward movement. Currently, the dollar is trading at 86.24 US cents and it is expected that in the coming months it may trade in the range of 84 US cents and 87.50 US cents.

The market experts and analysts are of the opinion that hikes in kiwi may trigger from the deadlocked debt ceiling negotiations in the US, and the Reserve Bank's official interest rate announcement on Thursday.

Meanwhile, it has been reported that the official cash rate (OCR), for this year, will be kept unchanged by the Reserve Bank of New Zealand. However, the Governor Alan Bollard will hold the OCR at 2.5%. Last year’s false alarms forced Bollard to raise OCR by 3% however, after the terrible Christchurch earthquakes the OCR were lowered.

Soon after lowering the OCR rate, the economy has showed positive growth. Much of its economy was recovered by the successful trade from Australia and China. Following the improved economy of New Zealand, kiwi is also seen improving. It is believed that the kiwi will keep moving forward in the coming 12 months.