NZ PM Ardern: New Zealand must prepare for the virus getting through the border

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New Zealand’s (NZ) Prime Minister (PM) Jacinda Ardern recently crossed wires, via Reuters, increasing the odds of the coronavirus (COVID-19) resurgence in the nation.

Key quotes

NZ must prepare for the virus getting through the border.

Elimination strategy will stay in place.

First response may be localized lockdowns.

FX implications

Considering the recent risk-on sentiment, driven by upbeat equities and hopes of virus vaccine, NZD/USD refrains from stepping back on the news. That said, the kiwi pair remain bid around 0.6540 by the press time.

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