nz$ nearing parity to au$

  1. 419 Posts.
    * 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.
 
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