NZ Prime Minister-elect Ardern focuses on final touches in coalition deal, NZ dollar sinksWELLINGTON (Reuters) - New Zealand Prime Minister-elect Jacinda Ardern said she would spend Friday ironing out issues and ministerial posts with coalition partner New Zealand First, a day after becoming the Pacific nation s youngest leader in recent times. The previous night s highly anticipated announcement by New Zealand First leader Winston Peters that he would support 37-year-old Ardern s Labour Party had ended a decade of center-right National rule and spelt big changes for the country s economy. The New Zealand dollar - the world s 11th-most traded currency - fell to five-month lows as investors grappled with heightened uncertainty and a more protectionist agenda.   When you are a hands off government, when you simply allow markets to decide the fate of your people, then that does not serve a country or it s people well,  Ardern told reporters in Wellington.  You will see a proactive government by Labour.  Labour has released the names of the people who would be in the cabinet, saying it would announce their portfolios next week.  The include Grant Robertson, Labour s spokesman for finance, and David Parker, spokesman for trade.  Ardern said on Thursday she had offered the role of deputy prime minister to Peters, who on Thursday gave his backing to Labour after inconclusive Sept.23 elections, and he was considering it. On Thursday evening, Labour said it would also stick to its promises to change the central bank s mandate and seek to renegotiate the Trans-Pacific Partnership trade deals.  Concerns about a more protectionist agenda weighed on the currency and stock markets on Friday.  The New Zealand dollar fell to five month-lows of $0.6971 against the U.S. dollar, after posting its biggest daily fall in more than a year on Thursday.   The sentiment has now shifted toward more protectionist measures,  said Christina Leung, economist at New Zealand Institute of Economic Research.  Generally, financial markets don t like change, there is uncertainty over what this all means ... in the meantime that is reducing demand for New Zealand assets, and that s why we are seeing the decline in the New Zealand dollar.  The stock market was down 1.1 percent at the Friday open, but later recouped losses to stand in positive territory. Ardern told radio earlier that most of the party s flagship policies, including a ban on some foreign ownership of housing, had survived the negotiations with Peters in recent weeks.  With New Zealand First we ve got a few more details to iron out,  Ardern said.  Our plan remains, with a few minor changes ... we re finalizing in the next 24 hours the detail.   The election  thrust the country into political limbo for almost a month with neither major party winning enough seats to form a majority and giving New Zealand First the balance of power.  New Zealand First and Labour also needed support from the progressive Green Party, which said it would strike a  confidence and supply  agreement, meaning it was officially outside government but would hold ministerial posts and vote on key pieces of legislation like the budget. Ardern said the parties would release their agreements early next week and an announcement on ministerial posts would come later in the week. worldnews
nz prime order focuses final touches coalition deal nz dollar sinkswellington reuters new zealand prime jacinda order said would spend friday growing issues ministerial posts coalition partner new zealand first day becoming pacific nation youngest leader recent times the previous night highly anticipated announcement new zealand first leader winston peters would support order labour party ended decade national rule spelt big changes country economy the new zealand dollar world traded currency fell lows investors trapped heightened uncertainty protections agenda when hands government simply allow markets decide fate people serve country people well order told reporters wellington you see proactive government labour labour released names people would cabinet saying would announce portfolios next week the include grant robertson labour spokesman finance david parker spokesman trade order said thursday offered role deputy prime minister peters thursday gave backing labour inconclusive elections considering on thursday evening labour said would also stick promises change central bank mandate seek negotiate partnership trade deals concerns protections agenda weighed currency stock markets friday the new zealand dollar fell five dollar posting biggest daily fall year thursday the sentiment shifted toward protections measures said christina lung economist new zealand institute economic research generally financial markets like change uncertainty means meantime reducing demand new zealand assets seeing decline new zealand dollar the stock market percent friday open later recorded losses stand positive territory order told radio earlier party flagship policies including ban foreign ownership housing survived negotiations peters recent weeks with new zealand first got details iron order said our plan remains minor changes finalizing next hours detail the election thrust country political limbo almost month neither major party winning enough seats form majority giving new zealand first balance power new zealand first labour also needed support progressive green party said would strike confidence supply agreement meaning officially outside government would hold ministerial posts vote key pieces legislation like budget order said parties would release agreements early next week announcement ministerial posts would come later week 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 Prime Minister-elect Ardern focuses on final touches in coalition deal, NZ dollar sinksWELLINGTON (Reuters) - New Zealand Prime Minister-elect Jacinda Ardern said she would spend Friday ironing out issues and ministerial posts with coalition partner New Zealand First, a day after becoming the Pacific nation s youngest leader in recent times. The previous night s highly anticipated announcement by New Zealand First leader Winston Peters that he would support 37-year-old Ardern s Labour Party had ended a decade of center-right National rule and spelt big changes for the country s economy. The New Zealand dollar - the world s 11th-most traded currency - fell to five-month lows as investors grappled with heightened uncertainty and a more protectionist agenda.   When you are a hands off government, when you simply allow markets to decide the fate of your people, then that does not serve a country or it s people well,  Ardern told reporters in Wellington.  You will see a proactive government by Labour.  Labour has released the names of the people who would be in the cabinet, saying it would announce their portfolios next week.  The include Grant Robertson, Labour s spokesman for finance, and David Parker, spokesman for trade.  Ardern said on Thursday she had offered the role of deputy prime minister to Peters, who on Thursday gave his backing to Labour after inconclusive Sept.23 elections, and he was considering it. On Thursday evening, Labour said it would also stick to its promises to change the central bank s mandate and seek to renegotiate the Trans-Pacific Partnership trade deals.  Concerns about a more protectionist agenda weighed on the currency and stock markets on Friday.  The New Zealand dollar fell to five month-lows of $0.6971 against the U.S. dollar, after posting its biggest daily fall in more than a year on Thursday.   The sentiment has now shifted toward more protectionist measures,  said Christina Leung, economist at New Zealand Institute of Economic Research.  Generally, financial markets don t like change, there is uncertainty over what this all means ... in the meantime that is reducing demand for New Zealand assets, and that s why we are seeing the decline in the New Zealand dollar.  The stock market was down 1.1 percent at the Friday open, but later recouped losses to stand in positive territory. Ardern told radio earlier that most of the party s flagship policies, including a ban on some foreign ownership of housing, had survived the negotiations with Peters in recent weeks.  With New Zealand First we ve got a few more details to iron out,  Ardern said.  Our plan remains, with a few minor changes ... we re finalizing in the next 24 hours the detail.   The election  thrust the country into political limbo for almost a month with neither major party winning enough seats to form a majority and giving New Zealand First the balance of power.  New Zealand First and Labour also needed support from the progressive Green Party, which said it would strike a  confidence and supply  agreement, meaning it was officially outside government but would hold ministerial posts and vote on key pieces of legislation like the budget. Ardern said the parties would release their agreements early next week and an announcement on ministerial posts would come later in the week. 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 prime order focuses final touches coalition deal nz dollar sinkswellington reuters new zealand prime jacinda order said would spend friday growing issues ministerial posts coalition partner new zealand first day becoming pacific nation youngest leader recent times the previous night highly anticipated announcement new zealand first leader winston peters would support order labour party ended decade national rule spelt big changes country economy the new zealand dollar world traded currency fell lows investors trapped heightened uncertainty protections agenda when hands government simply allow markets decide fate people serve country people well order told reporters wellington you see proactive government labour labour released names people would cabinet saying would announce portfolios next week the include grant robertson labour spokesman finance david parker spokesman trade order said thursday offered role deputy prime minister peters thursday gave backing labour inconclusive elections considering on thursday evening labour said would also stick promises change central bank mandate seek negotiate partnership trade deals concerns protections agenda weighed currency stock markets friday the new zealand dollar fell five dollar posting biggest daily fall year thursday the sentiment shifted toward protections measures said christina lung economist new zealand institute economic research generally financial markets like change uncertainty means meantime reducing demand new zealand assets seeing decline new zealand dollar the stock market percent friday open later recorded losses stand positive territory order told radio earlier party flagship policies including ban foreign ownership housing survived negotiations peters recent weeks with new zealand first got details iron order said our plan remains minor changes finalizing next hours detail the election thrust country political limbo almost month neither major party winning enough seats form majority giving new zealand first balance power new zealand first labour also needed support progressive green party said would strike confidence supply agreement meaning officially outside government would hold ministerial posts vote key pieces legislation like budget order said parties would release agreements early next week announcement ministerial posts would come later week worldnews