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
53 minutes agoNZD/USD settles around 0.7150 after dropping to fresh multi-week lows
8 hours agoNZD/USD Price Analysis: Teasing ascending triangle breakdown on 4H chart
19 hours agoNZD/USD breaks above key downtrend, sets double top at 0.7240
1 day agoNZD/USD moves to fresh highs of the week above 0.7240