Reserve Bank of New Zealand governor Alan Bollard stated today that he expects to keep interest rates low due to moderate inflation and the European debt crisis. The official cash rate was also left unchanged at 2.5%. This was a shift in sentiment from Bollard who last month sounded more hawkish and expected a rate hike about mid-2012. The New Zealand Dollar had benefited from Bollard’s hawkish tones earlier and strengthened 5.4% against the U.S. Dollar in the last thirty days. Traders on OpenBook swung into action after the rate decision and are primarily short on NZDUSD with average limits at 0.8000 and stops at 0.8250. Read More