The interest rate of the NZD is set by the Reserve Bank of New Zealand—now at 2%. The interest rate of the USD is set by the Federal Reserve System—at 0.5%. Therefore this pair is considered comfortable for carry trading. Remember that NZDUSD is a commodity pair sensitive to interest rates. Historically the NZD shows a positive correlation with AUDUSD.
Spreads and conditions
- 100 000 NZD
Most popular assets
1 day agoNZD/USD drops to fresh weekly lows near 0.5850 ahead of US jobs report
1 day agoNZD/USD still seen within a consolidative range – UOB
1 day agoNZD/USD: Continued range trading – ANZ
1 day agoNZ FinMin Robertson: Giving temporary relief for entities that are unable to comply with requirements due to coronavirus