# Weekend briefing: NZD drops to 17 year low | interest.co.nz

> The briefing reports stronger-than-expected US October payroll growth of 165,000 and notes that the data could give the Federal Reserve more scope to combat inflation. It also highlights weak Canadian jobs data and says New Zealand and other commodity currencies were under pressure.

- Date: 2026-11-06 · published 2026-11-07T00:11:48.422Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/85056-weekend-briefing-nzd-drops-to-17-year-low-interest-co-nz
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Stronger US employment can support the US dollar and weigh on commodity-linked currencies; weaker Canadian jobs add pressure on the Canadian dollar. The text does not identify a direct feed-commodity supply or demand change.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-31 | [German inflation drops to lowest level in more than a year](https://feedsoft.ai/events/36151-german-inflation-drops-to-lowest-level-in-more-than-a-year.md) | -0.5% | -1.0% |
| DXY | 2023-09-26 | [Yen weakens past 149 to dollar, nearing 1-year low - Nikkei Asia](https://feedsoft.ai/events/34349-yen-weakens-past-149-to-dollar-nearing-1-year-low-nikkei-asia.md) | +0.8% | +1.3% |
| DXY | 2021-12-15 | [Latam FX drops on rising U.S. interest rate risk \| Central bank \| NDA News UK](https://feedsoft.ai/events/43877-latam-fx-drops-on-rising-u-s-interest-rate-risk-central-bank-nda-news-uk.md) | -0.1% | -1.8% |
| DXY | 2019-09-12 | [European Central Bank cuts interest rates to record low - ABC News](https://feedsoft.ai/events/57284-european-central-bank-cuts-interest-rates-to-record-low-abc-news.md) | -0.3% | +0.3% |
| DXY | 2018-10-29 | [U.S. Dollar Looks Intent on Rallying into Year-End](https://feedsoft.ai/events/62723-u-s-dollar-looks-intent-on-rallying-into-year-end.md) | +0.1% | +1.2% |

## Sources

- interest.co.nz: https://www.interest.co.nz/economy/140993/us-data-improves-trump-blind-election-message-canada-jobs-data-weak-canada-budget

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