NZ Health Minister Clark: Tight border controls may persist

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.