NZD/USD last seen at $0.6916, 33 pips better...>

KIWI: NZD/USD last seen at $0.6916, 33 pips better off, after jumping ~45 pips

on the back of the latest NZ Q4 GDP numbers. The economic growth accelerated to

+0.6% Q/Q from the prev. +0.3% (albeit decelerating to +2.3% Y/Y from +2.6%),

enough to soothe the nerves of investors, looking for clarity re: the RBNZ's

policy guidance. The Q/Q measure met both the economists' and Treasury

Department's forecasts, but fell short of the RBNZ's exp. of +0.8%. For our DATA

IMPACT piece see MNI Main Wire at 05:53 GMT 03/21, or contact us for full

access.

- After the rate peaked just a handful of pips below the YTD high of $0.6942,

bulls continue to look for a breach of that level. A clean break above would

bring the Dec 4 high of $0.6970 into view. Meanwhile, bears look for a fall

below the $0.6900 figure.

- NZ economic docket during the remainder of this week is empty, but focus next

week will turn to trade balance, building permits, ANZ biz. confidence and, most

importantly, the RBNZ MonPol decision.