# Kiwi in brief skid after weak jobs data, Aussie pressured by dovish RBA turn

> The New Zealand dollar fell after weak jobs data. The Australian dollar was pressured after the Reserve Bank of Australia took a more dovish tone following its recent rate hike. EUR/AUD traded near 1.6133.

- Date: 2026-11-04 · published 2026-11-04T03:09:14.182Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/79023-kiwi-in-brief-skid-after-weak-jobs-data-aussie-pressured-by-dovish-rba-turn
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weaker antipodean currencies can make Australian and New Zealand exports cheaper in dollar terms, which marginally affects competition in feed-grain and dairy trade. The price effect on feed markets is small.

## Read by commodity

- MILK: neutral
- AUDUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2026-08-31 | [Kiwi braces for RBNZ decision, Aussie tries to steady after setback - Markets - Business Recorder](https://feedsoft.ai/events/18150-kiwi-braces-for-rbnz-decision-aussie-tries-to-steady-after-setback-markets.md) | -2.9% | -3.3% |
| MILK | 2019-03-11 | [Dairy’s journey through 2019 will be complex, and cheese is the driver - Progressive Dairy \| Ag Proud](https://feedsoft.ai/events/60251-dairy-s-journey-through-2019-will-be-complex-and-cheese-is-the-driver.md) | -0.2% | +5.9% |
| MILK | 2019-04-15 | [The Canadian Dollar Outlook Dims after BoC Survey Points to Trouble Ahead](https://feedsoft.ai/events/59821-the-canadian-dollar-outlook-dims-after-boc-survey-points-to-trouble-ahead.md) | 0.0% | +2.4% |
| MILK | 2017-06-27 | [Why It's Time To Sell Kiwi? : INV - Forexsites](https://feedsoft.ai/events/10594-why-it-s-time-to-sell-kiwi-inv-forexsites.md) | -4.2% | -5.1% |
| MILK | 2026-04-09 | [U.S. dairy market structure shifts to short on protein, long on butterfat, by: Corey Geiger - Dairy Producer](https://feedsoft.ai/events/19717-u-s-dairy-market-structure-shifts-to-short-on-protein-long-on-butterfat-by.md) | -1.4% | -0.4% |

## Sources

- ae.marketscreener.com: https://ae.marketscreener.com/news/kiwi-in-brief-skid-after-weak-jobs-data-aussie-pressured-by-dovish-rba-turn-ce785fdede8bf72c

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