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[BUSINESS] · New Zealand · 2 sources

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Part of situation: New Zealand economic and currency performance (3 clusters)

New Zealand dollar remains stable following close election results

New Zealand dollar election results Westpac Bank National Party NZ First

The New Zealand dollar has shown a muted market response following preliminary election results. Westpac Bank noted that the tight outcome appears to have already been priced into the currency, which was trading at 55.57 US cents.

Preliminary data suggests the current coalition consisting of the National, Act, and NZ First parties could form a government if the current trends hold through the final vote tally.

Entities

ACT New Zealand · National Party · New Zealand · New Zealand First · Westpac Bank

Sources

NZ sharemarket calm following undecided election, down 0.1% [www.businessdesk.co.nz]
Pikitup Worked Over The Weekend To Address Backlogs [infrastructurenews.co.za]