NZD/USD firms on softer dollar despite 5.7% NZ jobless rate: Nov 5, 2026
The New Zealand dollar firmed as US dollar weakness around the US midterm elections offset domestic jobs data. New Zealand's Q3 unemployment rate rose to 5.7%, above the 5.5% expected and the prior 5.6%, the highest jobless rate in 11 years, with focus on potential RBNZ implications. Attention is on the 0.5600 level, with 0.5560 noted as key support for NZD/USD.
Updated
This day is still open. Its readings are published once it closes. The live reading is on the NZD/USD page.
Headlines (8)
Carried over from earlier days
- 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
- investingLive Asia-Pacific market news: Stocks slide as Trump slammed in mid terms lossInvestingLive
- NZ Q3 Labour Market Data – Potential RBNZ ImplicationsActionForex
- 0.5560: Acts as key support level for NZD/USD pairFXStreet
- New Zealand Dollar firms on USD weakness despite highest NZ jobless rate in 11 yearsFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, November 5 | ||
| Challenger Job Cuts y/y | USD | |
| Unemployment Claims | 197K | USD |
| Prelim Nonfarm Productivity q/q | 2.8% | USD |
| Prelim Unit Labor Costs q/q | 0.3% | USD |
| FOMC Member Hammack Speaks | USD | |
| FOMC Member Barkin Speaks | USD | |
| Natural Gas Storage | 81B | USD |
| Friday, November 6 | ||
| FOMC Member Logan Speaks | USD | |