NZD

RBNZ’s Hawkesby says rising joblessness within expectations, flags trade risks

• Hawkesby’s remarks suggest the RBNZ remains cautious but not alarmed by softer labour data, signalling limited pressure for policy easing while keeping focus on global trade headwinds. Further rate cuts are expected though.

New Zealand ANZ Commodity Price Index October: -0.3% m/m (prior -1.1%)

• ANZ Commodity Price Index tracks prices received for New Zealand's main export categories

RBNZ Governor Hawkesby says house prices and credit growth not raising red flags

• Reserve Bank of New Zealand Governor Hawkesby speaking, no movement from the kiwi $ on this

New Zealand Q3 unemployment rate rises to 5.3% (expected 5.3%, prior 5.2%)

• Jobs data from New Zealand, the July to September quarter 2025

New Zealand Building Permits, September 2025: +7.2% m/m (prior +6.1%)

• New Zealand data

Check this out, handy cheat sheet of what moving 10 FX pairs - fundamentals and bank views

• This is from ITC Markets - great stuff

RBNZ’s Gai: U.S. tariffs delivering negative demand shock to New Zealand

• Gai’s remarks highlight how global trade tensions and U.S. tariffs are feeding through to smaller economies, potentially keeping the RBNZ on an easing path. Expectations of further cuts could pressure the New Zealand dollar and local bond yields.

ANZ Roy Morgan New Zealand Consumer Confidence Index 92.4 October (prior 94.6)

New Zealand Business Confidence (October 2025) 58.1% (prior 49.6)

• ANZ New Zealand business survey, October 2025

NZDUSD Technical Analysis: US-China deal boosts the Kiwi

• The NZDUSD pair broke above a major resistance zone as US-China deal gave the New Zealand dollar a boost while weighing on the greenback. What's next?

NZD / NZX traders note - it's a New Zealand holiday today, markets are closed

• Monday, October 27, 2025 - New Zealand markets are closed

AUD and NZD jump higher on news of US-China trade agreement

• Its still too early for US futures markets to open, but early Asia FX giving a vote of approval

NZDUSD Technical Analysis: Rangebound price action as traders await new catalysts

• The NZDUSD pair is consolidating below a key resistance zone around the 0.5760 level. The focus remains on US-China developments but we will also get the US CPI and the US Flash PMIs on Friday.

New Zealand September trade balance -1355mn NZD (prior -1185mn)

• Imports up, exports down in September

Reserve Bank of New Zealand's own inflation indicator +2.7% y/y

• Reserve Bank of New Zealand's sectoral factor model of inflation, its preferred measure.