Monday, September 25, 2017

FW: [Maybank] NZD – Less Optimistic Outlook

 

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GBL: NZD – Less Optimistic Outlook

FX Flash
by Saktiandi Supaat

FX Research

NZ results remain inconclusive for any party to form a government. Though national won the most seats amongst the parties, they are short of the 61 seats required to form a majority. NZ First party now holds the balance of the power to form the government with either National or Labour-Greens coalition. A grand coalition involving Labour, Green and NZ First will likely point to a more inward looking, nationalist-focused agenda, this may bode ill for NZD outlook.

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