NZ dollar holds near 3-month high as RBNZ's Bollard says markets pricing in low rates

NZ dollar holds near 3-month high as RBNZ's Bollard says markets pricing in low rates
By Paul McBeth Aug. 6 (BusinessDesk) - The New Zealand dollar held near a three-month high after central bank Governor Alan Bollard said markets are pricing in even lower interest rates and borrowing costs have stayed low for longer than was envisaged at the time of the global financial crisis. The kiwi traded at 81.86 US cents at 5pm in Wellington, little changed from 81.89 cents at 8am and unchanged from the close of trading in New York on Friday. The trade-weighted index traded at 73.49 from 73.52 last week. New Zealand's official cash...