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
46 minutes agoS&P affirms New Zealand’s rating and positive outlook, Kiwi stays below 0.6300
3 hours agoNZD/USD: New Zealand data join COVID-19 updates to please bears below 0.6300
5 hours agoNZ finmin: government and RBNZ have scope to respond if needed due to virus
7 hours agoNZD/USD refreshes four-month low under 0.6300 after New Zealand Trade Balance