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Traders Are Girding for a Political Shake-Up in New Zealand

Yachts sit moored at a marina as the Sky Tower, center, and other buildings stand in the distance in Auckland.

Yachts sit moored at a marina as the Sky Tower, center, and other buildings stand in the distance in Auckland.

Photographer: Brendon O'Hagan/Bloomberg
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It seems Jacinda-Mania has caught the attention of the currency market.

New Zealand’s dollar spiked lower Thursday as an opinion poll put the country’s opposition Labour Party, under new leader Jacinda Ardern, in front of the ruling National Party for the first time ahead of the Sept. 23 election.