Kiwi down as election race tightens – MSN

Kiwi down as election race tightens – MSN

The New Zealand dollar has fallen from a month-high with no clear favourite for the upcoming general election and a drop in commodity prices in New York.

The kiwi was trading at US72.66 cents as at 8.30am on Monday in Wellington, little changed from Friday in New York and down from US73.21c in Wellington at the end of last week. The trade-weighted index fell to 75.34 from 75.59.

An NZ Herald election forecast, taking in the latest opinion polls, has projected 54 seats for Labour and 48 for National, continuing the turnaround for Labour since Jacinda Adern took over as leader.

By MSN

http://www.msn.com/en-nz/news/finance-business/kiwi-down-as-election-race-tightens/ar-AArDOpA?ocid=News