Our good friends at Livesquawk reporting news from TVNZ 16 Oct
- NZ First board meeting to determine who the party will back in coalition will continue Tuesday
No further detail.
I reported on Saturday the balance of power now held by Winston Peters and his First Party.
The final tally was:
- National Party 44.4%
- Labour Party 36.9 %
- New Zeland First Party 7.2%
- Green 6.3%
That gives the National Party 56 seats with a possible Labour-Green coalition on 54 leaving the nationalist First Party holding the balance of power with 9 seats, losing 2 to the Labour/Green bloc compared with preliminary results.61 seats are required for a majority in the NZ parliament.
NZDUSD currently flat-lined around 0.7175 as markets await the outcome.
