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 agoNZD/USD technical analysis: Any subsequent recovery is likely to remain capped near 0.6300 handle
5 hours agoNZD/USD struggles to register any meaningful recovery, hangs near multi-year lows
11 hours agoNZD/USD technical analysis: Attempting a bounce after biggest weekly loss since July
14 hours agoNZIER’s Shadow Board divided on where OCR should be - NZIER