NZD/USD holds near 0.5600 after RBNZ hold and soft jobs data: Nov 4, 2026
The New Zealand dollar is trading around 0.5600 after losing an Iran-talks-linked gain following the RBNZ hold, with moves shaped by the central bank's dovish tilt and growth headwinds. New Zealand's Q3 unemployment rate rose to 5.7%, above the 5.5% expected and up from 5.6% prior, while a softer US dollar ahead of the US midterm elections has also factored in. Attention is on Wednesday's New Zealand jobs report and China PMI data for further context.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the NZD/USD page.
Headlines (10)
First seen on November 4
- Recap: New Zealand jobless rate hits 11-year high, kiwi slips as RBNZ hike bets fadeInvestingLive
- New Zealand Dollar struggles to build on weak USD-led gains amid RBNZ's dovish tiltFXStreet
Carried over from earlier days
- New Zealand Dollar weakens following China’s RatingDog Manufacturing PMI dataFXStreet
- NZD/USD Price Forecast: Fresh downside likely below 0.5560FXStreet
- New Zealand Dollar: RBNZ surprise and growth headwinds – RabobankFXStreet
- New Zealand Dollar loses its Iran-talks gain after RBNZ holdFXStreet
- New Zealand Dollar gains as US Dollar faces heat ahead of US Midterm electionsFXStreet
- Can the New Zealand Dollar hold 0.5600 this time?FXStreet
- Economic and event calendar in Asia Wednesday, November 4, 2026 - NZ jobs report, China PMIInvestingLive
- NZ Q3 Unemployment rate 5.7% (expected 5.5%, prior 5.6%)InvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, November 4 | ||
| ANZ Commodity Prices m/m | NZD | |
| ADP Non-Farm Employment Change | 67K | USD |
| Trade Balance | -107.9B | USD |
| Final Services PMI | 57.9 | USD |
| ISM Services PMI | 54.8 | USD |
| Crude Oil Inventories | -1.7M | USD |
| Thursday, November 5 | ||
| Challenger Job Cuts y/y | USD | |
| Unemployment Claims | 197K | USD |