NZ PM Ardern: Won’t resort to lockdowns when omicron arrives
New Zealand Prime Minister Jacinda Ardern said Thursday, the country will not be pushed under another lockdown when the omicron covid variant hits the economy but may tighten the restrictions.
Key quotes
When omicron starts to spread in the community, the country will move to “red” from “orange” in its Covid protection framework, which will see gathering limits of 100 imposed on events, social distancing in hospitality venues and greater use of face masks.”
However, “we won’t use lockdowns.”
“We won’t be able to stop omicron entering the community, but we can use tools to try and slow it down.”
“By achieving high levels of booster protection, we will be able to reduce the spread and severity of omicron when it arrives.”
Market reaction
NZD/USD is under pressure, despite a broadly weaker US dollar, as rallying Treasury yields dull its attractiveness as an alternative higher-yielding asset. Further, a correction in oil prices also weighs on the resource-linked kiwi.
The spot was last seen trading at 0.6775, down 0.15% on the day.
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.
