Early Wednesday morning in Asia, The Stuff came out with the news while suggesting wage subsidy for Auckland if lockdown announced on Tuesday persists. The news relies on the comments conveyed by New Zealand’s Finance Minister Grant Robertson. Key quotes Finance Minister Grant Robertson has met with Treasury officials to consider regionally targeted economic support for Auckland, should the new level 3 lockdown last beyond Friday. Robertson confirmed to Stuff this could involve a regionally targeted wage subsidy extension. A form of wage subsidy has been in place in New Zealand since March. It involves paying employees a subsidy, based on whether they’re full or part-time, to keep employees on staff. The deadline to apply for that extension is currently September 1. Prime Minister Jacinda Ardern has previously ruled out extending the scheme beyond that date, but that was before the most recent resurgence of coronavirus (COVID-19). FX implications Following the news, NZD/USD ticks up from 0.6570 to 0.6575 while repeating late-Tuesday bounce from the same level that was previously touched on July 21. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Cash Price Analysis: BCH/USD drops below $300 FX Street 2 years Early Wednesday morning in Asia, The Stuff came out with the news while suggesting wage subsidy for Auckland if lockdown announced on Tuesday persists. The news relies on the comments conveyed by New Zealand’s Finance Minister Grant Robertson. Key quotes Finance Minister Grant Robertson has met with Treasury officials to consider regionally targeted economic support for Auckland, should the new level 3 lockdown last beyond Friday. Robertson confirmed to Stuff this could involve a regionally targeted wage subsidy extension. A form of wage subsidy has been in place in New Zealand since March. It involves paying employees a subsidy, based on whether… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
