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
8 minutes agoNZD/USD pays little heed to trade numbers amid downbeat market sentiment
24 minutes agoNew Zealand Trade Balance improves on YoY, NZD/USD remains the back foot
14 hours agoNZD/USD keeps the bullish view unchanged so far – UOB
14 hours agoNZD/USD consolidates recent gains to over 1-month tops, comfortable above 0.6400 handle