Across the Tasman, unemployment was unchanged at 5.0 per cent in October, helped by an increase in the participation rate to 65.6 per cent from 65.5 per cent in September.
The September jobs result had been very strong and "this was also a reasonably good result," said Ross Weston, head of trading for Kiwibank.
Weston said the kiwi was also benefiting from "a risk on move" after UK Prime Minister Theresa May secured a draft deal on Brexit but did come under some pressure after US Federal Chairman Jerome Powell said the strong US economy was likely to continue growing.
Powell spoke at a moderated discussion at the Dallas Fed with the reserve bank's president Robert Kaplan.
According to Dow Jones Newswires, Powell said the main challenge facing the Fed now is to consider how much further to raise rates and the pace at which the central bank raises rates. He said the Fed would evaluate "really carefully...how the markets and the economy and business contacts are reacting to our policy."
Overall, however, "he seemed relatively upbeat" and the greenback got a bit of a lift, said Weston.
Looking ahead, Weston said with little data on the immediate horizon the US-China trade tensions are likely to be at the front of investors' minds.
News that China has delivered a written response to US demands for wide-ranging trade reforms was viewed as positive, three US government sources said, according to Reuters.
Foreign currency exchange company OFX said the kiwi will likely continue to push higher "as long as investors remain optimistic over upcoming developments."
The kiwi traded at 52.26 British pence from 52.15 pence Wednesday, and at 59.99 euro cents from 59.91 euro cents. The New Zealand dollar was at 4.7166 Chinese yuan from 4.6913 yuan and at 77.13 yen from 76.97 yen.
The trade-weighted index was at 74.22 from 73.97.
New Zealand's two-year swap rate was unchanged at 2.17 per cent; the 10-year swaps were unchanged at 3.04 per cent.