eFXdata reports that MUFG Research discusses NZD outlook.

"Strong labour market provides more evidence of V-shaped recovery in  New Zealand...New Zealand’s success in containing the spread of COVID-19 is allowing their economy to recover more strongly. Positive cyclical momentum is encouraging market participants to continue scaling back expectations for further RBNZ easing. The likelihood of negative rates being implemented has diminished. Overall, we continue to believe that the fundamental backdrop remains favourable for a stronger kiwi," MUFG adds.