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
10 hours agoNZD/USD seen sidelined between 0.6585 and 0.6680 – UOB
15 hours agoNZD/USD Price Analysis: Monthly trendline, 38.2% Fibonacci limit immediate declines
19 hours agoNZD/USD registers three-day losing streak with eyes on Friday’s New Zealand CPI
1 day agoNZD/USD Price Analysis: Buyers will look for entry beyond two-week-old falling trendline