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
16 minutes agoNZD/USD: Muted reaction to China data, Friday’s close pivotal
3 hours agoNZD/USD clings to modest gains above 0.5900, risk-tone remains lighter
14 hours agoNZD/USD Price Analysis: Intraday positive move stalls near 100-hour SMA
15 hours agoNZD/USD: Outlook remains negative – Westpac