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
6 hours agoNZD/USD retreats further from 4-week tops, slides below mid-0.6500s
9 hours agoNZD/USD: Further gains likely above 0.6610 – UOB
11 hours agoNZD/USD Price Analysis: Weekly support line to challenge another pullback from 0.6585
16 hours agoNZD/USD seesaws near monthly high above 0.6500 amid risk-on mood