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
3 days agoNZD/USD Technical Analysis: Sellers aim for 61.8% Fibo on the break of 0.6700
3 days agoNZD/USD Technical Analysis: Remains vulnerable below 0.6700 mark/multi-month lows
3 days agoNZD/USD Technical Analysis: 0.6710/0.6700 questions sellers, falling wedge on 4H highlights 0.6770 resistance
4 days agoNZD/USD: Buyers and sellers jostle around 0.6720