NZ FinMin Robertson: The government will be fiscally responsible

Anil Panchal FXStreet

“In the face of a pandemic, the economy remains resilient, said New Zealand’s Finance Minister (FinMin) Grant Robertson during early Friday morning in Asia.

FinMin Robertson adds, “New Zealand is almost at the peak of inflation.”

FX reaction

NZD/USD cheers broad US dollar weakness, in the face of major central bank actions, while keeping the 0.6800 threshold, up 0.10% intraday by the press time. It's worth noting that China's dislike for the US actions against Chinese entities over Xinjiang-related issues and the record daily COVID-19 infections in the UK challenges the market sentiment and the Kiwi pair of late.

Read: NZD/USD holding ground sub 0.68 the figure

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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