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 agoNZD/USD slides to over 1-week low, bears eyeing a break below 0.6500 mark
8 hours agoNZD/USD faces extra consolidation, likely between 0.6450/0.6595 – UOB
14 hours agoNZD/USD seesaws around 0.6550 ahead of Chinese trade figures
1 day agoNZD/USD to beat the 0.6585 June high in search of the mid-January high at 0.6666 – Commerzbank