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
7 hours agoNZD/USD Technical Analysis: Buyers look for a break above multi-day long trendline
11 hours agoNZD/USD seesaws around 0.6375 after Business NZ PMI, trade hopes renew
18 hours agoNZD/USD technical analysis: Bears challenging 0.6375 confluence support
19 hours agoNZD/USD is likely to keep the 0.6350/0.6465 range – UOB