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New Zealand Currency Falls to Four-month Low as Political Coalition Talks Continue
The New Zealand currency sunk to a fresh four-month low on Monday as a small nationalist party carried out negotiations to determine the country's next government.
The currency fell to $0.7160, its lowest since early June, from $0.7090 on Friday evening.
New Zealand's inconclusive election on Sept. 23 has generated intense political uncertainty that has weighed on the Kiwi.
A final vote count on Saturday showed the governing National Party lost some ground to the center-left...