Politics
New Zealand Dollar Advances as Ruling Party Gets Election Edge
Key Points
New Zealand Dollar Advances as Ruling Party Gets Election Edge New Zealand’s dollar edged higher in early trading after the incumbent National Party emerged from the weekend election with a path back to power, putting it in pole position to lead negotiations with minor parties. The kiwi advanced 0.5% to 55.70 US cents, rebounding from a more than one-year low notched last week. Yields on New Zealand’s two-year and 10-year government bonds were little changed.
New Zealand Dollar Advances as Ruling Party Gets Election Edge
New Zealand’s dollar edged higher in early trading after the incumbent National Party emerged from the weekend election with a path back to power, putting it in pole position to lead negotiations with minor parties.
The kiwi advanced 0.5% to 55.70 US cents, rebounding from a more than one-year low notched last week. Yields on New Zealand’s two-year and 10-year government bonds were little changed.