FXStreet reported the Australian dollar below NZ$1.2300 in Monday trading as New Zealand’s official count continued, with the governing coalition projected to hold 67 of 131 seats.
In a report published at 3:25 a.m. ET (08:25 UTC), FXStreet quoted AUD/NZD at 1.2299, down about 0.7% for the day.
An earlier WM/LSEG New Zealand dollar fixing published by the Reserve Bank of New Zealand was A$0.80875 per NZ$1 at 8 p.m. ET Sunday (01:00 UTC Monday). That is equivalent to about NZ$1.2365 per Australian dollar. The fixing and FXStreet’s later intraday quote are different types of price readings.
The New Zealand Electoral Commission’s preliminary count projects 42 seats for Prime Minister Christopher Luxon’s National Party, 13 for ACT New Zealand and 12 for the New Zealand First Party. The three governing parties would hold 67 of 131 seats, one more than the 66 needed for a majority.
The commission estimates that 399,365 special votes have yet to be processed. Ordinary votes will also be recounted before the commission releases official results on Nov. 27, New Zealand time.
