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
- Minimum spread
- 0.7
- Average spread
- 0.9
- Swap short (pips)
- -9.20
- Swap long (pips)
- 1.90
- Contract size
- 100 000 NZD
- Pip price (USD/LOT)
- 10.00
- Islamic acc fee (short)
- -9.20
- Islamic acc fee (long)
- 1.90
Most popular assets
Related news
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3 hours agoNZD/USD buyers flirt with 0.7200 while seeking fresh clues
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8 hours agoNZD/USD Price Analysis: Bulls defending the 38.2% Fibo support
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16 hours agoNZD/USD renews monthly highs near 0.7200 amid persistent USD weakness
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20 hours agoNZD/USD refreshes session tops, beyond mid-0.7100s amid renewed USD selling