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Dollar Slower Lower Ahead of Friday s Monthly US Payroll Report

USD weaker, with the NZD and AUD outperforming on rising commodity prices

Risk appetite higher ahead of the key US employment report tonight; S&P500 up while Treasury yields show little net movement. AUD rises so that NZD/AUD fell to a 9-month low overnight

Stocks Rally as AI Demand Fuels Record Earnings for Nvidia

NZD/USD Edges Higher Ahead of Manufacturing PMI

New Zealand’s manufacturing sector has been in decline for seven consecutive months and little change is expected from the October PMI, which will be released on Friday. The market consensus stands at 45.0, compared to 45.3 in September, which marked a 2-year low. Business activity in the manufacturing sector has been dampened by weak global demand and elevated borrowing costs have exacerbated the prolonged slump.

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