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NZ PM Ardern: New Zealand-Australia travel bubble on hold for two weeks

New Zealand’s Prime Minister Jacinda Ardern  said on Monday, the government hopes to announce a start date for the much-awaited travel between New Zealand and Australia on April 6, per Reuters.

Key quotes

“While opening borders with neighbors was a priority, several concerns needed to be resolved first.”

“We know that many New Zealanders are nervous…they want us to proceed in the same vein as our overall COVID response, that’s with caution.”

Market reaction

NZD/USD remains pressured around 0.7150, as investors digest the above piece of news amid broad risk-aversion.

The spot was last seen trading at 0.7156, down 0.10% on the day.

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