News & AnalysisCareer
Trading
Explore a wide range of markets with competitive pricing, deep liquidity, and advanced trading tools.
Learn More 
Platform
Trade seamlessly with TMGM's powerful platform, built for speed, precision, and a superior trading experience.
Learn More Trading Platform
Trading Tools
Academy
Learn the fundamentals of trading with beginner-friendly resources, including guides, webinars, and market insights.
Learn More News & Analysis
Get real-time market updates and expert analysis to stay ahead of trading opportunities
Learn More News & Analysis
About
Learn what sets TMGM apart — our global presence, regulatory strength, and commitment to innovation in trading.
Learn More Why Choose TMGM
Sponsorship
Preliminary count gives New Zealand’s governing coalition a narrow majority
With about 14% of votes still uncounted, preliminary election results give New Zealand’s ruling coalition a narrow majority, leaving the outcome undecided. Which political group governs the country over the next three years will depend on the final tally.
Voters shifted more support than previously towards smaller parties on the ideological flanks, dealing a substantial setback to New Zealand’s two main political parties in the closest election in years. Those parties are the centre-right National Party under Christopher Luxon and the centre-left Labour Party led by Chris Hipkins.
With 67 seats in an enlarged 131-seat parliament, the governing right-leaning bloc currently has a slender advantage. The outstanding votes could reverse that lead, however, with final results scheduled for 27 November.
NZD/USD edges higher
At the time of writing, the NZD/USD pair trades at 0.5560, up 0.37% on the day.
New Zealand Dollar: Key Questions Answered
Known as the Kiwi, the New Zealand Dollar (NZD) is a familiar currency among investors. New Zealand’s economic health and central bank policy largely determine its value, although several distinctive influences also affect its movements. As China is New Zealand’s largest trading partner, developments in the Chinese economy tend to influence the Kiwi. Negative Chinese economic news is likely to reduce demand for New Zealand’s exports, weighing on its economy and, in turn, its currency. Dairy prices are another important influence on NZD, given the dairy industry’s position as New Zealand’s leading export sector. Higher dairy prices lift export earnings, supporting both the economy and the NZD.
Keeping inflation close to the 2% midpoint of a 1% to 3% range over the medium term is the Reserve Bank of New Zealand’s (RBNZ) objective. The bank sets interest rates at a level appropriate to that aim. If inflation becomes too high, the RBNZ will raise rates to slow economic activity. Higher rates also lift bond yields, making investment in the country more attractive and thereby supporting NZD. Rate cuts, by contrast, generally weigh on the currency. NZD/USD can also be strongly influenced by the interest rate differential: the gap between New Zealand’s actual or expected rates and those set by the US Federal Reserve.
By providing a key gauge of New Zealand’s economic conditions, macroeconomic releases can influence the value of the New Zealand Dollar (NZD). Robust growth, low unemployment and strong confidence underpin a healthy economy and support NZD. Rapid economic growth draws overseas investment and, when accompanied by elevated inflation, may prompt the Reserve Bank of New Zealand to raise interest rates. Weak economic figures, on the other hand, are likely to lead to NZD depreciation.
When investors see limited risks across markets and feel confident about growth, the New Zealand Dollar (NZD) generally appreciates. These risk-on conditions tend to improve the outlook for commodities and so-called ‘commodity currencies’ such as the Kiwi. During market disruption or economic uncertainty, however, investors typically move out of higher-risk assets into more stable safe havens, leaving NZD prone to weakness.
POPULAR ARTICLES
1Preliminary count gives New Zealand’s governing coalition a narrow majority2Australian Dollar Slips Towards 0.6850 as US Jobs Data Show Strength3New Iran strikes unlikely if talks advance, says US President Donald Trump4Taiwan Dollar Contends with CBC Intervention and Inflation Risks – Commerzbank5Silver Price Forecast: Doji stalemate leaves $49.00 support vulnerable6Japan CFTC JPY NC Net Positions rose from previous ¥101.6K to ¥102.3K7United States CFTC Oil NC Net Positions up to 80.3K from previous 74.3K8Eurozone CFTC EUR NC Net Positions fell from previous €-143.9K to €-157.8K9United States CFTC S&P 500 NC Net Positions up to $-129.4K from previous $-134.4K
Connect With Us
Contacts
Phone: +61 2 8036 8388
Fax: +61 2 8036 8388
Email: support@tmgm.com
The information provided on this website is of a general nature only and does not constitute personal financial advice. Before acting on any information on this website, you should consider the suitability of the information in relation to your objectives, financial situation and needs. Investing in CFDs and FX Margin Contracts carries significant risks and is not suitable for all investors. You may lose more than your initial deposit. You do not own, or have, any interest in the underlying asset. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. It is important that you read and consider the disclosure document before you acquire any product listed on the website. The information and advertisements offered on this website are not intended for use by any person in any country or jurisdiction where such use would be contrary to local laws and regulations. The Products and Services offered on this website are not intended for residents of the United States, Malaysia and Thailand.
TMGM is authorized and regulated in various jurisdictions.
Trademax Australia Limited, trading as TMGM, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 436416 and is located at Level 28, One International Tower, 100 Barangaroo Avenue, 2000 Sydney, NSW Australia.
Email: support@tmgm.com.au
Trademax Global Limited, trading as TMGM, is authorized and regulated by the Vanuatu Financial Services Commission (VFSC), registration number 40356 and registered at 1276, Kumul Highway, Port Vila, Vanuatu, Republic of Vanuatu.
Email: support@tmgm.com
Trademax Global Markets (SE) Limited, trading as TMGM, is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD224. The company is registered at Office No 13, Providence Estate ABIS Centre, Mahe, Seychelles.
Email: support@tmgm.com
Trademax Global Markets (International) Pty Ltd, trading as TMGM, is authorized and regulated by the Financial Services Commission, Mauritius (FSC) with license no. GB22201012, and registered at 33, Edith Cavell Street C/o IQ EQ Fund Services (Mauritius) Ltd Port Louis, 11324 Mauritius.
Email: support@tmgm.com
Copyright © TMGM. All rights reserved