Kiwi
Forex slang for the New Zealand Dollar (NZD) or NZD/USD currency pair.
Quick answer
Kiwi is trader slang for the New Zealand dollar and NZD/USD, named after the bird on the one-dollar coin. NZD is a G10 currency known for higher yields and commodity correlation.
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
1
Most liquid during Asian and early London sessions
2
Correlates with AUD (Aussie dollar)
3
Watch dairy auction results for NZD moves
Related Terms
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