NZ First touts progress in talks to form govt, but decision delayedWELLINGTON (Reuters) - The leader of the small nationalist party that will decide New Zealand s next government said on Wednesday that  huge  progress had been made in coalition talks, but he has dropped a self-imposed deadline of Oct. 12 to announce the new government. Prime Minister Bill English s ruling National Party won 56 seats at the Sept. 23 election, while a Labour-Green bloc have 54 seats, leaving both needing New Zealand First s nine seats to meet the 61 seats needed for a majority in parliament.  We re making huge progress finding what we agree on, what we don t agree on, what we can still negotiate on, where we might take things into the future by co-operation,  NZ First leader Winston Peters said after four days of talks. Peters told local media on Tuesday evening that he would not be ready to announce his choice by Thursday - a self-imposed deadline. Peters has held the balance of power now three times and has previously served in both National and Labour governments. The New Zealand dollar has fallen around 3.7 percent since the election against the U.S. dollar. The political uncertainty this week took the currency to its lowest levels since late May at $0.7052. The Kiwi has also been under pressure over concerns New Zealand First would see the new government adopt more economically interventionist policies. The party favors restrictions on foreign ownership and more central bank intervention in the foreign exchange market. On Tuesday, Peters fueled those concerns by telling reporters that exporters would welcome the recent fall in the local dollar, adding:  If you re an export-dependent nation, why would you persist with an inflated dollar?  On Wednesday, the Kiwi recovered ground, climbing to $0.7095, its highest since before the final election tally was released on Saturday.  Investors were taking advantage of the lull before Peters announces his decision to buy the currency while it was cheap and get out of short positions, according to brokers.   It s still anyone s guess which way the penny s going to drop with NZ First and people that have been short on the Kiwi will suddenly be thinking:  I may as well take some risk off the table here ,  said Stuart Ive, Wellington-based dealer at OM Financial. worldnews
nz first touts progress talks form govt decision delayedwellington reuters the leader small nationalist party decide new zealand next government said wednesday huge progress made coalition talks dropped deadline announce new government prime minister bill english ruling national party seats election bloc seats leaving needing new zealand first nine seats meet seats needed majority parliament we making huge progress finding agree agree still negotiate might take things future nz first leader winston peters said four days talks peters told local media tuesday evening would ready announce choice thursday deadline peters held balance power three times previously served national labour governments the new zealand dollar fallen around percent since election dollar the political uncertainty week took currency lowest levels since late may the kiwi also pressure concerns new zealand first would see new government adopt economically interventions policies the party favors restrictions foreign ownership central bank intervention foreign exchange market on tuesday peters fueled concerns telling reporters exporters would welcome recent fall local dollar adding if nation would persist inflated dollar on wednesday kiwi recovered ground climbing highest since final election tally released saturday investors taking advantage lull peters announces decision buy currency cheap get short positions according brokers it still anyone guess way penny going drop nz first people short kiwi suddenly thinking i may well take risk table said stuart ive dealer om financial worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: NZ First touts progress in talks to form govt, but decision delayedWELLINGTON (Reuters) - The leader of the small nationalist party that will decide New Zealand s next government said on Wednesday that  huge  progress had been made in coalition talks, but he has dropped a self-imposed deadline of Oct. 12 to announce the new government. Prime Minister Bill English s ruling National Party won 56 seats at the Sept. 23 election, while a Labour-Green bloc have 54 seats, leaving both needing New Zealand First s nine seats to meet the 61 seats needed for a majority in parliament.  We re making huge progress finding what we agree on, what we don t agree on, what we can still negotiate on, where we might take things into the future by co-operation,  NZ First leader Winston Peters said after four days of talks. Peters told local media on Tuesday evening that he would not be ready to announce his choice by Thursday - a self-imposed deadline. Peters has held the balance of power now three times and has previously served in both National and Labour governments. The New Zealand dollar has fallen around 3.7 percent since the election against the U.S. dollar. The political uncertainty this week took the currency to its lowest levels since late May at $0.7052. The Kiwi has also been under pressure over concerns New Zealand First would see the new government adopt more economically interventionist policies. The party favors restrictions on foreign ownership and more central bank intervention in the foreign exchange market. On Tuesday, Peters fueled those concerns by telling reporters that exporters would welcome the recent fall in the local dollar, adding:  If you re an export-dependent nation, why would you persist with an inflated dollar?  On Wednesday, the Kiwi recovered ground, climbing to $0.7095, its highest since before the final election tally was released on Saturday.  Investors were taking advantage of the lull before Peters announces his decision to buy the currency while it was cheap and get out of short positions, according to brokers.   It s still anyone s guess which way the penny s going to drop with NZ First and people that have been short on the Kiwi will suddenly be thinking:  I may as well take some risk off the table here ,  said Stuart Ive, Wellington-based dealer at OM Financial. worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: nz first touts progress talks form govt decision delayedwellington reuters the leader small nationalist party decide new zealand next government said wednesday huge progress made coalition talks dropped deadline announce new government prime minister bill english ruling national party seats election bloc seats leaving needing new zealand first nine seats meet seats needed majority parliament we making huge progress finding agree agree still negotiate might take things future nz first leader winston peters said four days talks peters told local media tuesday evening would ready announce choice thursday deadline peters held balance power three times previously served national labour governments the new zealand dollar fallen around percent since election dollar the political uncertainty week took currency lowest levels since late may the kiwi also pressure concerns new zealand first would see new government adopt economically interventions policies the party favors restrictions foreign ownership central bank intervention foreign exchange market on tuesday peters fueled concerns telling reporters exporters would welcome recent fall local dollar adding if nation would persist inflated dollar on wednesday kiwi recovered ground climbing highest since final election tally released saturday investors taking advantage lull peters announces decision buy currency cheap get short positions according brokers it still anyone guess way penny going drop nz first people short kiwi suddenly thinking i may well take risk table said stuart ive dealer om financial worldnews