NZD/USD Trading Positions

NZD/USD

The NZD/USD pair, also called the “Kiwi”, tells the trader how many US dollars (the quote currency) are needed to purchase one New Zealand dollar (the base currency). It is a commodity currency whose country's exports are largely comprised of raw materials (precious metals, oil, agriculture, etc.).


Important assets for NZD/USD

  • Currencies: AUD, CNY and YEN (Australia, China and Japan are important regional partners of New Zealand).
  • Commodities: First of, coal. New Zealand has extensive coal resources: coal accounts for about 10% of New Zealand’s primary energy (excluding transport fuels). Other important commodities are Silver and Iron Ore.
  • Bonds: GNZGB10 (New Zealand Govt Bond 10 Year) and AGB (debt securities issued by the Australian Government) and T-NOTE 10Y (10 year United States Treasury note).
  • Indices: NZX (New Zealand Exchange), ASX (Australian Securities Exchange) and Nikkei 225 (a stock market index for the Tokyo Stock Exchange).

HISTORIC HIGHS AND LOWS FOR NZD/USD

  • All-time records: Max : 1.49 on 5/11/1973 - Min: 0.3962 on 16/10/2000
  • Last 5 years: 0.7737 on 27/04/2015 - Min: 0.65794 on 20/08/2015

* Data as of February 2020

ORGANIZATIONS, PEOPLE AND ECONOMIC DATA THAT INFLUENCE NZD/USD

The organizations and people that affect the most the moves of the NZD/USD pair are:

  • Reserve Bank of New Zealand (RBNZ), the central bank of that country and its Governor Adrian Orr.
  • New Zealand Government and its Ministry of Business, Innovation and Employment (MBIE) that implement policies that affect the economy of the country.
  • Asia-Pacific Economic Cooperation (APEC), forum for 21 Pacific Rim member economies that promotes free trade throughout the Asia-Pacific region.
  • The US Government and its President Donald Trump.
  • Fed, the Federal Reserve of the United States whose president is Jerome Powell.

In terms of economic data, the NZD/USD traders have to keep an eye on:

  • GDP (Gross Domestic Product), the total market value of all final goods and services produced in a country.
  • Inflation measured by key indicators as the CPI (Consumer Price Index) and the PPI (Production Price Index), which reflect changes in purchasing trends.


Currency Trading Positions

The purpose of the Trading Positions table is to provide a glance of NZD/USD as to where our dedicated contributors are currently positioned. You can access the original analysis reports by clicking on each position.