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ANZ note "another blistering performance by....>

KIWI
KIWI: ANZ note "another blistering performance by the Kiwi as equities surge,
fuelled by less-worse-than-expected US jobs data. As we have mentioned in recent
days, it's all about the 'rebound' side of the impulse now that economies are
reopening, and that's a situation that could easily extend into Q3. In short,
there is a lot of good news to get through before the longer term realities
start to bite; NZD will remain elevated in that environment. Technically, NZD is
very strong. A break of $0.6440 brings $0.6500 into view, then it's blue sky
till $0.6765 (the Jan 2020 high)."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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