NZ Labour Party leader and new PM Jacinda Ardern holding a press conference 19 Oct

  • Bill English has called me to acknowledge result
  • will conclude final agreement over next 24 hours
  • NZ First will hold 4 cabinet positions
  • Peters considering role of dep PM
  • Greens still discussing agreement, have been offered ministerial roles

Ardern becomes the new NZ PM after First Party leader Peters threw his casting vote toward the Labour/Green combo as I reported earlier.

NZDUSD currently 0.7047 after chewing trough 0.7050 bids to post 0.7038 lows. Next support 0.7030 and 0.7000.

AUDNZD 1.1158 just off session highs after rally from 1.0950 and helping to underpin AUDUSD

New NZ PM Jacinda Ardern