# New Zealand Dollar weakens following China’s RatingDog Manufacturing PMI data

> 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.

- Date: 2026-11-02 · published 2026-11-02T03:09:30.856Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/74684-new-zealand-dollar-weakens-following-china-s-ratingdog-manufacturing-pmi-data
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

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.

## Read by commodity

- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2017-11-15 | [New Zealand milk production recovers News Oceania n°16/2017 \| CLAL News](https://feedsoft.ai/events/67982-new-zealand-milk-production-recovers-news-oceania-n-16-2017-clal-news.md) | 0.0% | -7.8% |
| MILK | 2020-02-11 | [USDA calls for steady milk production, weakening prices - Brownfield Ag News](https://feedsoft.ai/events/54591-usda-calls-for-steady-milk-production-weakening-prices-brownfield-ag-news.md) | -0.4% | -4.2% |
| MILK | 2021-02-09 | [Growing herd size dropping milk price forecast - Brownfield Ag News](https://feedsoft.ai/events/48642-growing-herd-size-dropping-milk-price-forecast-brownfield-ag-news.md) | +0.2% | +5.1% |
| MILK | 2021-06-07 | [Cheese and butter production growing - Brownfield Ag News](https://feedsoft.ai/events/46573-cheese-and-butter-production-growing-brownfield-ag-news.md) | -0.3% | -3.0% |
| MILK | 2026-07-06 | [USDA Dairy Market News Weekly Report – July 3, 2026 \| CME Prices, Production & Inventory - News and Statistics - IndexBox](https://feedsoft.ai/events/18342-usda-dairy-market-news-weekly-report-july-3-2026-cme-prices-production-and.md) | +0.8% | +0.8% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/new-zealand-dollar-weakens-following-chinas-ratingdog-manufacturing-pmi-data-202611020234

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.