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
5 hours agoNew Zealand’s GDP growth seen slowing in Q2 2019 – Reuters poll
5 hours agoNZD/USD technical analysis: At session lows, down for fifth straight day
10 hours agoNZD/USD stays near 8-day low after weaker than forecast NZ Westpac Consumer Survey
20 hours agoNZD/USD turns lower, slides to over 1-week lows around 0.6365 region