EUR vs NZD
Fundamentals favour the New Zealand Dollar by 32 points.
On the Macro Currency Strength Meter, the Euro scores -34 and the New Zealand Dollar scores -2 — a gap of 32 points in favour of the New Zealand Dollar. The widest divergence is in commodities, which favours the Euro. All else equal that gap is a fundamental tailwind for the New Zealand Dollar against the Euro — though markets may already have priced much of it in.
Pillar comparison
Which currency wins each macro driver| Driver | EUR | NZD | Edge |
|---|---|---|---|
| Interest Rates | -56 | +3 | NZD |
| Positioning | -28 | +17 | NZD |
| Risk Mood | -0 | +21 | NZD |
| Commodities | — | -60 | EUR |
Strength gap over time
EUR minus NZD fundamental score — above zero favours EUR. The gap is currently -32 and widening.A widening gap means the fundamental edge is growing; a narrowing gap means it’s fading. Educational macro context, not a trade signal.