NZD vs USD
Fundamentally balanced — the New Zealand Dollar and US Dollar score within 9 points of each other.
On the Macro Currency Strength Meter, the New Zealand Dollar scores -2 and the US Dollar scores +6 — a gap of 9 points in favour of the US Dollar. The widest divergence is in commodities, which favours the US Dollar. With both currencies scoring similarly, the fundamental case here is broadly balanced.
Pillar comparison
Which currency wins each macro driver| Driver | NZD | USD | Edge |
|---|---|---|---|
| Interest Rates | +3 | -44 | NZD |
| Growth | — | +31 | USD |
| Positioning | +17 | +73 | USD |
| Risk Mood | +21 | -12 | NZD |
| Commodities | -60 | — | USD |
Strength gap over time
NZD minus USD fundamental score — above zero favours NZD. The gap is currently -9 and narrowing.A widening gap means the fundamental edge is growing; a narrowing gap means it’s fading. Educational macro context, not a trade signal.