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22 Sep 2014
NZ PM Key wins third consecutive term
FXStreet (Bali) - New Zealand's general election, held on Saturday, saw the incumbent National coalition win, with Prime Minister John Key earning his third consecutive term, this time having total control over parliament.
As reported by Imre Speizer. FX Strategist at Westpac: "The National coalition won a third consecutive term with a slightly larger share of the vote. It's share currently stands at 48.1%, although over 250,000 special votes have yet to be counted (official results will be published on 4 October)."
"This gives it 61 seats, two more than it won in 2011, and enough to govern alone in a 121- seat House. Its current coalition partners, Maori, ACT and United Future are widely expected to continue the relationships, giving the coalition an additional four seats", Speixer adds.
Speizer expects, "the weekend's results to produce a modest rally in NZD/USD and a modest rise in 2yr swap rates when markets open at 7am NZT on Monday."
As reported by Imre Speizer. FX Strategist at Westpac: "The National coalition won a third consecutive term with a slightly larger share of the vote. It's share currently stands at 48.1%, although over 250,000 special votes have yet to be counted (official results will be published on 4 October)."
"This gives it 61 seats, two more than it won in 2011, and enough to govern alone in a 121- seat House. Its current coalition partners, Maori, ACT and United Future are widely expected to continue the relationships, giving the coalition an additional four seats", Speixer adds.
Speizer expects, "the weekend's results to produce a modest rally in NZD/USD and a modest rise in 2yr swap rates when markets open at 7am NZT on Monday."