Coronavirus update: New Zealand reports 2 new cases, Kiwi stays below 0.65

Dhwani Mehta FXStreet

In the latest statement released by New Zealand’s Health Ministry on Tuesday, the country reported two new cases of coronavirus.

Both the cases were concerning recent travel to the UK.

It was just last week that New Zealand announced itself as a coronavirus free country and called for resuming air travel between Auckland and Narita (Japan).

Market reaction

Despite the ongoing recovery in the S&P 500 futures and Asian equities, the fx board is holding steady, with NZD/USD consolidating gains around 0.6480, having failed to resist above the 0.65 handle.

NZD/USD Price Analysis: Upside momentum fizzles below weekly resistance line

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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