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
2 hours agoNZD/USD pulls away from 12-week highs, clings to modest gains above 0.6200
10 hours agoNZD/USD jumps to fresh three-month tops near 0.6250 amid risk-on, China PMI big beat
14 hours agoNZD/USD drops below 0.6200 amid holiday in New Zealand, China data eyed
2 days agoNZD/USD drops to daily low at 0.6170 ahead of US Pres. Trump's presser