NEW ZEALAND: RBNZ governor Bollard cited by wires saying the NZ dollar’s
level is not of any concern, and that it’s still “a US dollar
story.” Says RBNZ can afford to wait-and-see before raising rates and
they probably will not need to raise as high as in the prevous cycle,
the reports say. Kiwi now trades at $0.7013 vs Usd, at the bottom of its
$0.7012 to $0.7025 range so far.