At the same time, according to our colleague Boris Schlossberg " fears that the infamous web entrepreneur Kim DotCom who is wanted on piracy charges in the US, may be starting to influence the New Zealand election is also affecting the currency. Mr. DotCom's party has aligned itself with the Maori party and is polling at 5 percentage points - a big enough swing in New Zealand politics that could possibly give the ruling majority to the opposition Labor party.
Such a move leftward would no doubt shake up the currency markets which have been caught by surprise expecting yet another win by the National party that would maintain the economic status quo. With elections coming up on September 20th the scrutiny on the polls will likely increase markedly and so will the volatility in the kiwi $, if Mr. Dotcom's attempts to upend the establishment rule in New Zealand appear to gain momentum over the next few weeks."