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