New Zealand Dollar Rises as Incumbent Party Gains Election Edge

2026-11-09 00:45 By Judith Sib-at 1 min. read

The New Zealand dollar rose to $0.560 on Monday, rebounding from a more than one-and-a-half-year low hit on Friday, as preliminary election results gave the incumbent National Party a path to remain in power.

Neither major party secured an outright majority in the weekend election, with Prime Minister Christopher Luxon’s centre-right National Party winning 42 seats, compared with 36 for the main opposition Labour Party.

However, National and its existing coalition partners, ACT and New Zealand First, are projected to hold a combined 67 seats in the 131-member Parliament, just one above the majority threshold.

The prospect of political continuity eased concerns over a potential shift in monetary policy under a Labour-led government, which had pledged to restore the Reserve Bank’s dual mandate.

Still, the outcome remains uncertain, as nearly 400,000 special votes are yet to be counted, while formal coalition talks will not begin until the final results are announced on November 27.



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New Zealand Dollar Rises as Incumbent Party Gains Election Edge
The New Zealand dollar rose to $0.560 on Monday, rebounding from a more than one-and-a-half-year low hit on Friday, as preliminary election results gave the incumbent National Party a path to remain in power. Neither major party secured an outright majority in the weekend election, with Prime Minister Christopher Luxon’s centre-right National Party winning 42 seats, compared with 36 for the main opposition Labour Party. However, National and its existing coalition partners, ACT and New Zealand First, are projected to hold a combined 67 seats in the 131-member Parliament, just one above the majority threshold. The prospect of political continuity eased concerns over a potential shift in monetary policy under a Labour-led government, which had pledged to restore the Reserve Bank’s dual mandate. Still, the outcome remains uncertain, as nearly 400,000 special votes are yet to be counted, while formal coalition talks will not begin until the final results are announced on November 27.
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