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 drops to fresh daily lows near 0.6650 ahead of key US jobs report
6 hours agoNZD/USD Price Analysis: Pressured below 0.6700 amid mixed trade numbers from China
13 hours agoNZD/USD enjoying a free flight while it can ahead of RBNZ hurdles
23 hours agoNZD/USD struggles to find direction, trades below 0.6650