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
4 hours agoNZD/USD: RBNZ’s Orr-led recovery capped by 0.6400 ahead of Powell
4 hours agoNZD/USD: a test of 0.6300 looks unlikely for the time being – UOB
13 hours agoNZD/USD recovers from multi-year low as RBNZ’s Orr dimmed prospects of unconventional policy tools
14 hours agoNZD/USD: Unfazed by sluggish New Zealand retail sales