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
2 hours agoFurther weakness in NZD/USD could see 0.6350 retested – UOB
2 hours agoNZD/USD flirting with daily lows, just above 0.6400 handle
10 hours agoNZD/USD technical analysis: On its way to falling wedge support
14 hours agoNZD/USD keeps the red amid trade negative comments from the US President Trump