Peters now declaring his choice 19 Oct

As I suggested and markets traded in my earlier report.

Says Peters:

  • I may become Deputy PM if I choose to take the role
  • First Party will not provide fin min
  • expects change to Reserve Bank Act
  • Greens have confidence and supply agreement with Labour
  • NZ to expect less immigrant arrivals
  • didn't secure Singapore mon pol tool for NZ
  • haven't concluded talks on ministerial portfolios

NZDUSD falls to new recent lows of 0.7060 from 0.7095 as New Zealand braces itself for a new Labour/Green/First party coalition government in the wake of the recent election.

Labour Party Ardern due to hold a presser too.

Bids/support expected around 0.7050 but we wait to see how much of this decision has been factored in with NZD depreciation of over 2.5% since the election result was known.

NZDUSD 15m