NZD/USD

The NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure into a commodity currency, i.e. the NZD, which helps capture risk appetite for forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of writing with the USD being the world’s most traded currency and the NZD being the tenth. What Affects the NZD/USD? The NZD/USD is offered at virtually every retail forex brokerage and is a common pair for traders to have experience with. The pair moves on investor sentiment and can be much more volatile than other pairs such as the EUR/USD, GBP/USD and others. Given New Zealand is the world's largest exporter of milk powder, this metric is a key factor when driving the pair. Any sensitivity to milk powder exports is captured via the NZD/USD. Additionally, tourism is a key contributor to the New Zealand economy and as such help move the currency pair. Other factors of note for the NZD/USD include export volumes to China as well as other important economic data releases from China. Central banks also play a primary role in the direction of the currency pair with both the US Federal Reserve and the Reserve Bank of New Zealand being closely monitored by investors. Monetary policy is more than capable of abruptly moving the NZD/USD, which can oscillate much more than other normal pairs.
The NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure into a commodity currency, i.e. the NZD, which helps capture risk appetite for forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of writing with the USD being the world’s most traded currency and the NZD being the tenth. What Affects the NZD/USD? The NZD/USD is offered at virtually every retail forex brokerage and is a common pair for traders to have experience with. The pair moves on investor sentiment and can be much more volatile than other pairs such as the EUR/USD, GBP/USD and others. Given New Zealand is the world's largest exporter of milk powder, this metric is a key factor when driving the pair. Any sensitivity to milk powder exports is captured via the NZD/USD. Additionally, tourism is a key contributor to the New Zealand economy and as such help move the currency pair. Other factors of note for the NZD/USD include export volumes to China as well as other important economic data releases from China. Central banks also play a primary role in the direction of the currency pair with both the US Federal Reserve and the Reserve Bank of New Zealand being closely monitored by investors. Monetary policy is more than capable of abruptly moving the NZD/USD, which can oscillate much more than other normal pairs.

The NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar.

The pair is popular for exposure into a commodity currency, i.e. the NZD, which helps capture risk appetite for forex traders.

Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD.

The NZD is the world’s seventh most liquid pair at the time of writing with the USD being the world’s most traded currency and the NZD being the tenth.

What Affects the NZD/USD?

The NZD/USD is offered at virtually every retail forex brokerage and is a common pair for traders to have experience with.

The pair moves on investor sentiment and can be much more volatile than other pairs such as the EUR/USD, GBP/USD and others.

Given New Zealand is the world's largest exporter of milk powder, this metric is a key factor when driving the pair.

Any sensitivity to milk powder exports is captured via the NZD/USD.

Additionally, tourism is a key contributor to the New Zealand economy and as such help move the currency pair.

Other factors of note for the NZD/USD include export volumes to China as well as other important economic data releases from China.

Central banks also play a primary role in the direction of the currency pair with both the US Federal Reserve and the Reserve Bank of New Zealand being closely monitored by investors.

Monetary policy is more than capable of abruptly moving the NZD/USD, which can oscillate much more than other normal pairs.

Technical Analysis

NZDUSD finally finds the post RBNZ bid again today

NZDUSD

NZDUSD finally finds the post RBNZ bid again today

  • The holding of the 100 hour MA was a catalyst for the buyers
Greg Michalowski
Greg Michalowski
Friday, 27/05/2022 | 15:05 GMT-0
27/05/2022 | 15:05 GMT-0
Technical Analysis

NZDUSD remains above its 100 hour moving average on dips

NZDUSD

NZDUSD remains above its 100 hour moving average on dips

  • .... But upside momentum continues to be a struggle
Greg Michalowski
Greg Michalowski
Thursday, 26/05/2022 | 14:43 GMT-0
26/05/2022 | 14:43 GMT-0
News

Dollar holds firmer so far on the session

Dollar holds firmer so far on the session

  • The dollar inches ahead as risk gets checked back
Justin Low
Justin Low
Wednesday, 25/05/2022 | 09:39 GMT-0
25/05/2022 | 09:39 GMT-0
Technical Analysis

The NZDUSD trades marginally lower as traders await the RBNZ rate decision

NZDUSD

The NZDUSD trades marginally lower as traders await the RBNZ rate decision

  • The RBNZ is expected to raise rates by 50 BPs at 10 PM ET
Greg Michalowski
Greg Michalowski
Tuesday, 24/05/2022 | 18:13 GMT-0
24/05/2022 | 18:13 GMT-0
Technical Analysis

NZDUSD the biggest mover today. RBNZ meets this week and are expected to tighten by 50 bps

NZDUSD

NZDUSD the biggest mover today. RBNZ meets this week and are expected to tighten by 50 bps

  • Retraces to a swing area near 0.64522
Greg Michalowski
Greg Michalowski
Monday, 23/05/2022 | 17:31 GMT-0
23/05/2022 | 17:31 GMT-0