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The Opening Bell: Where currencies start on Friday, October 20, 2017
The NZDUSD opens at 0.7017 (mid-rate) this morning. After almost a four week wait since the 23rd September NZ Election a decision has been made by Mr Peters, NZ First leader to form a coalition government with Labour (and the Greens). The new Prime Minister Jacinda Ardern becomes the youngest female Prime Minister of all time. After posting a 0.7171 high in the NZDUSD yesterday, the Kiwi was trading around 0.7070 immediately before announcement by Mr Peters to make Ms Ardern the 40th Prime Minister of New Zealand for the 52nd NZ parliament. The Kiwi had fallen 55 points from around 0.7125 in the two hours leading up ... (full story)