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 hour agoNZD/USD Price Analysis: Bears aim for five-week low of 0.6554
2 hours agoNZ dairy update: We have revised up our farmgate milk price forecast – Westpac
5 hours agoNZD/USD: Steady below 0.6600 as sellers catch a breath after three-day losing streak
18 hours agoNZD/USD seen sidelined between 0.6585 and 0.6680 – UOB