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Type: Currency | Group: Majors | Base: New Zealand Dollar | Quote: US Dollar | Spread: 0.4 –  3.4 pips

NZD/USD | Range Today: 72.1 pips
Wave 1 Week 2 Weeks 1 Month 4 Months
Direction Bullish ⇧ Bearish ⇩ Bearish ⇩ Bearish ⇩
Highest 1.3223 1.3245 1.3258 1.33655
Lowest 1.2325 1.2354 1.2145 1.2356
Use time frame m5, m15, m30, H1, and H4 to use this data | Update: March 19, 2022

  Interest Rates  
NZD Flag USD Flag
Reserver Bank of New Zealand Federal Reserve
0.00% 0.00 – 0.25%


About New Zealand Dollar

The New Zealand dollar is a commodity currency as New Zealand’s economy is heavily geared towards agricultural production. However, the impact of commodity prices on the currency has not been historically as pronounced as other commodity currencies. This may be because trends in agricultural prices tend to be very hard to call on a day to day basis, unlike changes in the world price of gold or oil.

The kiwi also holds an important spot in the history of currency trading. The kiwi entered the forex market with a limited float, as befits a smaller economy. When currency options were being introduced to the forex market, a Bankers Trust currency trader named Andy Krieger used options to take up a short position on the New Zealand dollar that was allegedly worth more than the entire money supply of the country. The kiwi saw a sharp dip of 5% followed by fluctuations between a 3% to 5% loss. Krieger made millions for his employer and later left to join George Soros’s Quantum Fund.

About US Dollar

The USD is integral to world trade in that it belongs to the world’s largest economy and acts as the world reserve currency. Because of this unique situation, many of the standard economic rules do not seem to apply to the USD.

The U.S. government has had long periods of fiscal irresponsibility and yet the USD has not always suffered during inflationary times that would damage any other currency. This is because, as the world’s largest economy, the USD is considered a safe haven currency in times of global uncertainty. However, this rule doesn’t always hold, and the U.S. dollar does eventually pay for periods of prolonged inflation and trade deficits – it just seems to enjoy a much longer lag before any market reaction takes place.