NZD/USD traded firmer in Asian hours as markets await the outcome of Saturday's tight New Zealand general election. ITC Markets senior FX strategist Sean Callow says traders are pricing a centre-right National Party win with support from smaller parties. If Labour loses, the RBNZ's policy remit would not be expanded to include "full employment"; a National government is expected to retain a policy framework focused solely on an "inf target".

2026-11-09

NZD/USD traded firmer in Asian hours as markets await the outcome of Saturday's tight New Zealand general election. ITC Markets senior FX strategist Sean Callow says traders are pricing a centre-right National Party win with support from smaller parties. If Labour loses, the RBNZ's policy remit would not be expanded to include "full employment"; a National government is expected to retain a policy framework focused solely on an "inf target".