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NZD/USD edges higher on positive market sentiment but systemic factors remain a drag

NZD/USD edges higher on positive market sentiment but systemic factors remain a drag
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New Zealand election campaign winds down with Labour facing defeat

New Zealand Prime Minister Chris Hipkins on Friday urged voters to get out and re-elect Labour in Saturday's national election, as polls indicate a change in government after six years of left-wing rule. Hipkins, who took over as prime minister in January when Jacinda Ardern made the surprise decision to step down, has struggled to win back swing voters disenfranchised with the Labour Party, which they blame for long COVID-19 lockdowns and a huge rise in the cost of living. However, Hipkins, 45 said Labour was starting to see momentum build in the final hours of campaigning.

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