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
2 days agoNZD/USD climbs to mid-0.65s on improved sentiment, weaker dollar
2 days agoNZD/USD technical analysis: Bullish outside day makes today’s close pivotal
2 days agoNZD/USD technical analysis: Unfazed under horizontal and descending resistance-lines
2 days agoNZD/USD confronts 8-week old resistance-line ahead of New Zealand trade balance