New Zealand is facing pressure due to a 0.2% decrease in job hiring data in the third quarter, while the unemployment rate has increased to 3.9% from 3.6% in the previous quarter. This shrinking job market may lead the Reserve Bank of New Zealand (RBNZ) to maintain its interest rate policy unchanged in November.

Investors are keeping an eye on China's trade balance and New Zealand's inflation expectations for the fourth quarter. If China has a significant trade surplus, it could be beneficial for New Zealand as China is a major export destination for many countries worldwide.

The US Dollar Index (DXY) has slightly risen to near 105.40, rebounding from a two-month low. Additionally, the yield on the 10-year US Treasury bonds has increased to 4.63%.

The Federal Reserve's decision to pause interest rate hikes and a decrease in US job hiring data have led investors to believe that the Fed is unlikely to raise interest rates within this year, resulting in the NZD/USD exchange rate increasing.