nz$ nearing parity to au$

* New Zealand dollar pushes through $0.52, near

three-year highs, amid U.S. dollar weakness.

* Kiwi moves into $0.5210/20 range where resistance seen,

short term retracement seen likely ahead of further gains seen in

2003.

* NZ dollar pushes to A$0.9250 seven-year high against Aussie

dollar.

* NZ debt yields between two and four basis points lower as

local market follows offshore leads. Local yield curve flattens

further.

* Debt and currency markets face another thin and actionless

week with New Year holidays interrupting trade.