NZ First leader welcomes politically driven drop in NZ$


  • World
  • Tuesday, 10 Oct 2017

FILE PHOTO - Winston Peters, leader of the New Zealand First Party, speaks during a media conference in Wellington, New Zealand, September 27, 2017. REUTERS/Charlotte Greenfield/File photo

WELLINGTON (Reuters) - The leader of the small nationalist party that will decide New Zealand's next government said on Tuesday that exporters should welcome a recent fall in the local dollar following an inconclusive general election.

The New Zealand dollar, or kiwi, fell to its lowest levels since late May on Monday after a final tally of votes at the weekend showed the opposition Labour-Green bloc gaining ground over the ruling National Party, although the latter still has the largest number of seats.

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