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
19 hours agoNZD/USD Price Analysis: Buyers will look for entry beyond two-week-old falling trendline
22 hours agoNZD/USD: Sellers keep eyes on 0.6600 amid a lack of fresh catalysts
3 days agoNZD/USD erases early gains, trades in red near 0.6830
3 days agoNZD/USD Price Analysis: 0.6655/60 remains as the key resistance after China data