NZ PM Ardern: Next steps are to open the bubble to Pacific nations, ‘travel-bubble’ with Australia begins

Dhwani Mehta FXStreet

New Zealand (NZ) Prime Minister (PM) Jacinda Ardern said in a statement on Monday, the next steps for the country are to open the travel bubble to Pacific nations.

Currently, there are no moves for now of an NZ-Singapore bubble, no formal talks either, Ardern adds.

These comments come after the travel between NZ and Australia re-opens for the first time in a year on Monday. The bubble is likely to be quarantine-free.

Market reaction

NZD/USD is off the lows but remains under pressure around 0.7135, failing to capitalize on the upbeat news amid a broadly firmer US dollar.

Surging covid infections in the rest of the world also remain a cause for concern.

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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