New Zealand's new opposition Labour party leader, Jacinda Ardern, speaks during an event held ahead of the national election at the Te Papa Museum in Wellington, New Zealand August 23, 2017. REUTERS/Ross Setford
WELLINGTON (Reuters) - Investors in New Zealand's financial markets are suddenly having to price in political risk after a decade of stability, as a nailbiting election race looks set to trigger a shake-up of economic and monetary policy.
The New Zealand dollar slumped to a three-month low on Thursday after an opinion poll showed the opposition Labour party, had unexpectedly grabbed the lead from the incumbent National party ahead of the Sept 23 election. Labour's support has been climbing since it picked 37-year old Jacinda Ardern as its new leader last month.
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