NZ Health Minister Clark: Tight border controls may persist

Anil Panchal FXStreet

Speaking in a parliamentary committee hearing, New Zealand’s (NZ) Health Minister David Clark cited the government restrictions to remain in place for a long time.

Key quotes

Some restrictions are going to be in place for a long time.

Tight border controls may persist.

FX implications

Considering the latest risk-reset, mainly due to the expectations of receding pandemic strength in Italy and Spain, as well as US President Donald Trump’s turning down the nation-wide stay-at-home order, markets paid a little heed to the news. As a result, NZD/USD remains mildly positive near 0.6020 by the press time of the early Asian session on Tuesday.

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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