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
- 0.8
- Average spread
- 1
- 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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6 hours agoNZD/USD Technical Analysis: Remains vulnerable below 0.6700 mark/multi-month lows
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17 hours agoNZD/USD Technical Analysis: 0.6710/0.6700 questions sellers, falling wedge on 4H highlights 0.6770 resistance
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23 hours agoNZD/USD: Buyers and sellers jostle around 0.6720
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1 day agoNZD/USD: Fall below 0.6589 January low would put 0.6500/0.6424 back on the cards - Commerzbank