Currencymuseum.net The NZDUSD is under a huge amount of pressure overnight after New Zealand has finally formed a government and center-left Labour party leader Jacinda Ardern is going to be the new Prime Minister. This was probably the worst case scenario for NZD bulls. The market seems to be leaning towards a weak NZD in the coming weeks or months ahead. The NZDUSD is under a huge amount of pressure overnight after New Zealand has finally formed a government and center-left Labour party leader Jacinda Ardern is going to be the new Prime Minister.