Created
: 2025.11.06
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
NZD/USD recovers some lost ground above 0.5650 despite a weak New Zealand jobs report
World FX news
Breaking news
NZD/USD recovers some lost ground above 0.5650 despite a weak New Zealand jobs report
New
2025.11.06 09:25
2025.11.06 09:25
2025.11.06 09:25
- NZD/USD rebounds to around 0.5665 in Thursday's early Asian session.
- Weak New Zealand's jobs report sealed the case for the RBNZ November cut.
- Fed's Miran called for more rate cuts, despite a stronger-than-expected October ADP private payrolls report.
The NZD/USD pair recovers some lost ground to near 0.5665, snapping the five-day losing streak during the early Asian session on Thursday. Nonetheless, the potential upside for the New Zealand Dollar (NZD) might be limited after the country's Unemployment Rate rose to the highest level since 2016. Traders will keep an eye on the Fedspeak later on Thursday.
New Zealand's Unemployment Rate climbed to 5.3% in the third quarter (Q3), compared to 5.2% in Q2, Statistics New Zealand showed Wednesday. This figure aligned with the market consensus. Employment was unchanged from the previous three months, weaker than the estimated 0.1% increase.
The weak jobs report sealed the case for a rate cut from the Reserve Bank of New Zealand (RBNZ) this month, which exerted some selling pressure on the Kiwi. Most economists expect another 25 basis points (bps) reduction at the final meeting of the year on November 26.
The US Federal Reserve (Fed) lowered its benchmark rate by 25 bps at its October meeting last week. While Fed Governor Stephen Miran suggested that another rate cut could be appropriate in December, Fed Chair Jerome Powell signaled a more cautious approach, waiting for more data, which is complicated by the US government shutdown.
Meanwhile, the stronger-than-expected US economic data could provide some support to the Greenback and act as a headwind for the pair. Private sector employment in the US climbed by 42,000 in October, compared to the 29,000 decrease (revised from -32,000) seen in September, the Automatic Data Processing (ADP) showed Wednesday. This figure came in better than the estimations of 25,000. Additionally, the US ISM Services PMI rose to 52.4 in October, versus 50.0 prior and exceeding analysts' forecasts of 50.8.
New Zealand Dollar FAQs
The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country's central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move the Kiwi because China is New Zealand's biggest trading partner. Bad news for the Chinese economy likely means less New Zealand exports to the country, hitting the economy and thus its currency. Another factor moving NZD is dairy prices as the dairy industry is New Zealand's main export. High dairy prices boost export income, contributing positively to the economy and thus to the NZD.
The Reserve Bank of New Zealand (RBNZ) aims to achieve and maintain an inflation rate between 1% and 3% over the medium term, with a focus to keep it near the 2% mid-point. To this end, the bank sets an appropriate level of interest rates. When inflation is too high, the RBNZ will increase interest rates to cool the economy, but the move will also make bond yields higher, increasing investors' appeal to invest in the country and thus boosting NZD. On the contrary, lower interest rates tend to weaken NZD. The so-called rate differential, or how rates in New Zealand are or are expected to be compared to the ones set by the US Federal Reserve, can also play a key role in moving the NZD/USD pair.
Macroeconomic data releases in New Zealand are key to assess the state of the economy and can impact the New Zealand Dollar's (NZD) valuation. A strong economy, based on high economic growth, low unemployment and high confidence is good for NZD. High economic growth attracts foreign investment and may encourage the Reserve Bank of New Zealand to increase interest rates, if this economic strength comes together with elevated inflation. Conversely, if economic data is weak, NZD is likely to depreciate.
The New Zealand Dollar (NZD) tends to strengthen during risk-on periods, or when investors perceive that broader market risks are low and are optimistic about growth. This tends to lead to a more favorable outlook for commodities and so-called 'commodity currencies' such as the Kiwi. Conversely, NZD tends to weaken at times of market turbulence or economic uncertainty as investors tend to sell higher-risk assets and flee to the more-stable safe havens.
Last updated
: 2025.11.06
Related articles
Japanese Yen strengthens amid reviving BoJ rate hike bets; lacks bullish conviction
2025.11.06 11:17USD/CAD falls to near 1.4100 after pulling back from seven-month highs
2025.11.06 11:17US Dollar Index holds losses near 100.00 as US government shutdown becomes longest on record
2025.11.06 11:15Australian Dollar remains steady following Trade Balance data
2025.11.06 10:38PBOC sets USD/CNY reference rate at 7.0865 vs. 7.0901 previous
2025.11.06 10:15NZD/USD recovers some lost ground above 0.5650 despite a weak New Zealand jobs report
2025.11.06 09:25
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
WTI holds near $59.50, further downside appears due to oversupply concerns
West Texas Intermediate (WTI) Oil price inches higher after three days of losses, trading around $59.60 per barrel during the Asian hours on Thursday. However, Oil prices may depreciate further as a significant inventory build heightens oversupply concerns.
New
2025.11.06 12:19Silver Price Forecast: XAG/USD seems vulnerable below $49.35-$49.40 pivotal resistance
Silver (XAG/USD) attracts some sellers following an Asian session uptick to the $48.55-$48.60 region and erodes a part of the previous day's gains. The white metal currently trades around the $47.75 region, down 0.70% for the day.
New
2025.11.06 11:58Japanese Yen strengthens amid reviving BoJ rate hike bets; lacks bullish conviction
The Japanese Yen (JPY) attracts some buying during the Asian session on Thursday and, for now, seems to have stalled its sharp retracement slide from the weekly low touched against a bullish US Dollar (USD) the previous day.
New
2025.11.06 11:17USD/CAD falls to near 1.4100 after pulling back from seven-month highs
USD/CAD takes a breather after reaching a seven-month high of 1.4140 in the previous session, trading around 1.4100 during the Asian hours on Thursday. The pair holds slight losses as the US Dollar (USD) declines despite a stronger-than-expected US economic data release on Wednesday.
New
2025.11.06 11:17US Dollar Index holds losses near 100.00 as US government shutdown becomes longest on record
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a negative note around 100.05 during the Asian trading hours on Thursday.
New
2025.11.06 11:15Australian Dollar remains steady following Trade Balance data
Australian Dollar (AUD) moves little against the US Dollar (USD) on Thursday, after registering more than 0.25% gains in the previous session. The AUD/USD pair remains steady following the release of Australia's Trade Balance data.
New
2025.11.06 10:38Gold Price Forecast: XAU/USD edges lower below $4,000 as private payrolls rebound in October
Gold price (XAU/USD) declines to near $3,970 during the Asian trading hours on Thursday. The precious metal edges lower as traders weigh the outlook for the US Federal Reserve (Fed) path after the upbeat US economic data.
New
2025.11.06 10:25PBOC sets USD/CNY reference rate at 7.0865 vs. 7.0901 previous
On Thursday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.0865 compared to the previous day's fix of 7.0901 and 7.1222 Reuters estimate.
New
2025.11.06 10:15NZD/USD recovers some lost ground above 0.5650 despite a weak New Zealand jobs report
The NZD/USD pair recovers some lost ground to near 0.5665, snapping the five-day losing streak during the early Asian session on Thursday. Nonetheless, the potential upside for the New Zealand Dollar (NZD) might be limited after the country's Unemployment Rate rose to the highest level since 2016.
New
2025.11.06 09:25GBP/USD finds a weak floor ahead of BoE rate call
GBP/USD grappled with a near-term technical floor on Wednesday, finding some breathing room just north of 1.3000. A thin, dead-cat-style bounce has greeted Cable traders following several weeks of one-sided declines.
New
2025.11.06 08:40Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
