NZ PM Ardern: Auckland to move to alert level 3 from September 22

Anil Panchal FXStreet

New Zealand (NZ) Prime Minister Jacinda Ardern announced an easing of the virus-led emergency alert level in Auckland during early Monday.

Auckland is likely to witness receding controls from September 22, from level 4 to level 3. However, “Rest of country will remain at alert level 2 until September 22,” said NZ PM Ardern per Reuters.

Market reaction

NZD/USD fails to cheer the widely anticipated upbeat news as market sentiment wanes amid a downbeat economic forecast from NZIER and risk-negative headlines from China.

Read: NZD/USD drops back to 0.7100 as NZIER trims economic forecasts on covid concerns

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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