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
1 day agoNZD/USD retrained by dovish RBNZ - CIBC
1 day agoNZD/USD technical analysis: Nosedives to fresh multi-year lows, around mid-0.6200s
1 day agoNZD/USD weakens farther below 0.6300 handle, back closer to multi-year lows
2 days agoNZD/USD technical analysis: Bearish MACD shifts focus to multi-month-old support-lines