NZD vs USD
Fundamentals favour the US Dollar by 18 points.
On the Macro Currency Strength Meter, the New Zealand Dollar scores -12 and the US Dollar scores +6 — a gap of 18 points in favour of the US Dollar. The widest divergence is in positioning, which favours the US Dollar. All else equal that gap is a fundamental tailwind for the US Dollar against the New Zealand Dollar — though markets may already have priced much of it in.
Pillar comparison
Which currency wins each macro driver| Driver | NZD | USD | Edge |
|---|---|---|---|
| Interest Rates | +11 | -34 | NZD |
| Growth | — | +14 | USD |
| Positioning | -28 | +60 | USD |
| Risk Mood | -7 | +4 | USD |
| Commodities | -41 | — | USD |
Strength gap over time
NZD minus USD fundamental score — above zero favours NZD. The gap is currently -18 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.