Forex Slang

Kiwi

Forex slang for the New Zealand Dollar (NZD) or NZD/USD currency pair.

Definition

Kiwi is trader slang for the New Zealand Dollar (NZD) and the NZD/USD pair. The nickname comes from New Zealand's national bird, which appears on the one dollar coin. NZD is one of the G10 currencies, known for higher yields and commodity correlation.

How It Works

"Buying the Kiwi" = going long NZD/USD
"Selling the Kiwi" = going short NZD/USD
NZD pairs correlate with dairy prices
Sensitive to RBNZ (Reserve Bank of New Zealand) policy

Trading Tips

Most liquid during Asian and early London sessions

Correlates with AUD (Aussie dollar)

Watch dairy auction results for NZD moves

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