Kiwi
Forex slang for the New Zealand Dollar (NZD) or NZD/USD currency pair.
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.
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
Kiwi Example
Say the RBNZ surprises hawkish while dairy auction prices jump 4%. NZD/USD climbs 80 pips into the Asian afternoon as yield flows and commodity income align behind the same currency.
How Traders Use Kiwi
Trade the kiwi through its two drivers: rates and dairy. RBNZ mornings and auction days are the only sessions that really matter, so keep size small into both and trade the reaction after.
Related Terms
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