NZ PM Arden: China travel restrictions to remain in place for another eight days

Dhwani Mehta FXStreet

New Zealand (PM) Arden is out on the wires now, via Reuters, announcing that NZ will extend the travel ban on foreigners arriving from mainland China.

She added that China's travel restrictions to remain in place for another eight days.

Meanwhile, Reuters reports that Australia raised travel advisory to South Korea and Japan. The government reconsidered travel to the South Korean cities of Cheongdo and Daegu.

Market reaction

With some positive headlines coming in from China, reporting decreased coronavirus new deaths, the risk-off sentiment is seen easing slightly but the spike in the virus cases in South Korea still remains a cause of concerns for markets.

Meanwhile, NZD/USD has stalled its decline but remains in the red amid downbeat NZ Credit Card Spendings data and broad risk aversion. At the press time, the Kiwi trades 0.26% lower at 0.6325, struggling to close the bearish opening gap.

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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