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 hours agoNZD/USD buyers flirt with 0.7200 while seeking fresh clues
8 hours agoNZD/USD Price Analysis: Bulls defending the 38.2% Fibo support
16 hours agoNZD/USD renews monthly highs near 0.7200 amid persistent USD weakness
20 hours agoNZD/USD refreshes session tops, beyond mid-0.7100s amid renewed USD selling