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
- Minimum spread
- 0.6
- Average spread
- 1.4
- Swap short (pips)
- -0.92
- Swap long (pips)
- 0.19
- Contract size
- 100 000 NZD
- Pip price (USD/LOT)
- 10.00
- Islamic acc fee (short)
- -0.92
- Islamic acc fee (long)
- 0.19
Most popular assets
Related news
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3 days agoNZD/USD Technical Analysis: Sellers aim for 61.8% Fibo on the break of 0.6700
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3 days agoNZD/USD Technical Analysis: Remains vulnerable below 0.6700 mark/multi-month lows
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3 days agoNZD/USD Technical Analysis: 0.6710/0.6700 questions sellers, falling wedge on 4H highlights 0.6770 resistance
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4 days agoNZD/USD: Buyers and sellers jostle around 0.6720