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The New Zealand dollar weakened after China's RatingDog manufacturing PMI eased to 52.0 in September, and the official NBS manufacturing PMI fell into contraction at 49.3 in October, below the 50.0 consensus. The NZD/USD pair traded near 0.5620 during Asian hours on Monday.
Weak Chinese factory data signals softer industrial demand from New Zealand's largest trading partner, which can weigh on demand for dairy and other commodity exports.
fxstreet.comAkhtar FaruquiNov 2, 2026After 273 past bearish report events, Milk (Class III) moved a median -0.2% over 5 sessions (39% higher; middle half -1.3% to +0.4%), and -1.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
