NZ PM Ardern: To extend Auckland restrictions for an extra 12 days

At a news briefing on Friday, New Zealand (NZ) Prime Minister (PM) Jacinda Ardern announced an extension to the Auckland restrictions for an extra 12 days, in the face of rising coronavirus cases.

She added that the remainder of NZ will remain at level 2 until August 26.

Further comments

Have identified 29 COVID-19 cases all linked to one cluster.

Have found outbreak relatively early in its life.

Still no clear idea where virus originated.

To review settings on August 21.

No need to move to level 4 at this stage.

To extend wage subsidy scheme.

Have not made a decision on election date as yet.

On Thursday, Ardern noted that she expects the COVID-19 cluster to grow further before it slows.

It’s worth noting that the South Pacific nation saw 12 new coronavirus cases in the past 24 hours, with two outside of Auckland.

NZD/USD keeps the red

NZD/USD is off the lows but remains pressured amid growing coronavirus concerns, broad US dollar strength and downbeat Chinese macro data.

At the press time, the kiwi loses 0.13% to trade around 0.6535 region.

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