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According to New Zealand’s (NZ) broadcaster 1NEWS, the NZ government is considering re-opening its borders to Australian travelers as early as the end of this week.

“The so-called ‘travel bubble’ would restrict travelers from certain areas in the event of an outbreak in Australia and is expected to run on a state-by-state basis,” the broadcaster reported.

Separately, Deputy Prime Minister and Finance Minister Grant Robertson said during a breakfast show also on 1News, “Australian tourists visiting the country during the ski season and school holidays would “really matter” to struggling industries in New Zealand.”

“The Australian newspaper reported on Tuesday citing government and industry sources that quarantine-free travel between the countries could begin on April 12 or 19,” per Reuters.

Market implications

The encouraging news is likely to add to the renewed strength seen around the Antipodeans.

The kiwi flirts with daily highs at 0.7067, adding 0.16% on the day.