AUD/NZD Price Forecast: Aussie falls below 1.2300, nearing two-month lows at 1.2265
The Aussie Dollar (AUD) accelerated its decline against a stronger New Zealand Dollar (NZD) on Monday, as provisional results from New Zealand’s general election gave the governing coalition a tight win.
The Australian Dollar (AUD) experienced a decline against the New Zealand Dollar (NZD) on Monday, as provisional results from New Zealand's general election indicated a tight win for the governing coalition. The AUD/NZD pair dipped 0.7% during the session, reaching lows just below 1.2300, which marked the lower end of the pair's trading range over the past two months.
The election results, officially announced on November 27, saw Prime Minister Christopher Luxon's center-right National Party and its coalition partner, the Labour Party, securing 67 of the 131 seats in the parliament, giving them a narrow majority.
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