NZD/USD climbs to two-week top on weak USD and RBNZ hike hints: Oct 17, 2026
The New Zealand Dollar has moved higher toward 0.5600 and near 0.5650 to a two-week top, supported by a weaker US dollar and hints from the RBNZ's Conway about further rate hikes. Fed pause bets after hot US inflation and no hint from Fed's Warsh on the October decision also weighed on the US dollar. The move comes alongside mixed domestic data, with the BNZ manufacturing PMI rising to 56.5 while card spending fell for a second month.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the NZD/USD page.
Headlines (9)
Carried over from earlier days
- RBNZ’s Conway says October rate decision completely open, OCR more likely to riseInvestingLive
- New Zealand Dollar jumps to two-week top vs weak USD as RBNZ's Conway hints rate hikesFXStreet
- NZD/USD Price Forecast: Drifts higher above 0.5600, but technical bias stays bearishFXStreet
- New Zealand Dollar rebounds toward 0.5600 as RBNZ signals further rate hikesFXStreet
- New Zealand card spending falls for second month as food prices hold flat in SeptemberInvestingLive
- NZ BNZ Manufacturing PMI Jumps to 56.5 as Production, Orders and Employment StrengthenActionForex
- New Zealand Dollar rises to near 0.5650 as Fed's Warsh gives no hint on October decisionFXStreet
- New Zealand Dollar: Inflation and weak demand challenge RBNZ – CommerzbankFXStreet
- The Kiwi defies hot US inflation as Fed pause bets weaken the USDFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, October 18 | ||
| BusinessNZ Services Index | NZD | |
| Trade Balance | -775M | NZD |
| Monday, October 19 | ||
| NAHB Housing Market Index | 31 | USD |
| CPI q/q | NZD | |
| Trade Balance | NZD | |
| Tuesday, October 20 | ||
| ADP Weekly Employment Change | USD | |
| Building Permits | 1.39M | USD |
| Housing Starts | 1.30M | USD |