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