New Zealand PM Jacinda Ardern recently crossed wires, via Reuters, while showing readiness to ease the coronavirus (COVID-19)-led restrictions on social gatherings.
Key quotes
Will raise the limit on social gatherings to 100 people from 29 May.
New Zealand will consider to move to alert Level 1 no later than 22 June.
More to come…
FX implications
As the news should ideally help the Kiwi, the NZD/USD pair stays mildly positive near 0.6100 by the press time. However, the gains seem to have been capped by the US-China tussle.
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