Our good friends at Livesquawk reporting TVNZ 16 Oct
- NZ First meeting of the board of directors to determine who the party will back the coalition will continue Tuesday
Without more detail.
I reported Saturday, the balance of power held by Winston Peters and his First Part.The final score was:
- National Party Of 44.4%
- The Labour Party Of 36.9 %
- The New Zealand First Party 7.2%
- Green 6.3%
That gives the National Party 56 seats, with a possibility of a Labour-Green coalition on 54, leaving the nationalists of the First Party holds the balance of power with 9 seats, losing 2 to the Labour/Green block in comparison with the preliminary results.61 seats are required for a majority in the new zealand parliament.
NZDUSD currently stabilized at around 0.7175 that the markets are waiting for the results.