ANZ note that "the Kiwi made a clean break.....>

KIWI: ANZ note that "the Kiwi made a clean break through $0.6600 for the first

time since the COVID-19 crisis. The move was fuelled mostly by global factors

(equity rally, USD weakness, growing vaccine optimism), but with a local flavour

too, with higher WMP prices giving it a boost. Minor corrections aside, it's

difficult to see the momentum subsiding, even though markets seem to be "priced

for perfection", suggesting a degree of fragility. Consider, for example, what

may happen if vaccine hopes are dashed, or geopolitical tensions flare up. But

for now, it's "all go" for the Kiwi."