NZ PM Ardern: Will raise limits on social gatherings to 100 people from May 29

New Zealand PM Jacinda Ardern recently crossed wires, via Reuters, while showing readiness to ease the coronavirus (COVID-19)-led restrictions on social gatherings.

Key quotes

Will raise the limit on social gatherings to 100 people from 29 May.

New Zealand will consider to move to alert Level 1 no later than 22 June.

More to come…

FX implications

As the news should ideally help the Kiwi, the NZD/USD pair stays mildly positive near 0.6100 by the press time. However, the gains seem to have been capped by the US-China tussle.