Despite the dovish detail of the jobs report, NZD/USD continues to grind higher as we approach the start of the vote counting in the US presidential election, reacting as you would expect under a split Congress scenario. While the closeness of the polls suggests that’s a likely outcome, watch for early voting patterns for signs of either a blue or red wave. If that’s the direction the count takes, Kiwi gains are likely to evaporate quickly, especially if the Republicans emerge victorious.