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.
NZ must prepare for the virus getting through the border.
Elimination strategy will stay in place.
First response may be localized lockdowns.
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.