EUR/NZD
Fundamentally balanced — the Euro and New Zealand Dollar score within 7 points of each other.
On the Macro Currency Strength Meter, the Euro scores -6 and the New Zealand Dollar scores +2 — a gap of 7 points in favour of the New Zealand Dollar. The widest divergence is in positioning, which favours the Euro. With both currencies scoring similarly, the fundamental case here is broadly balanced.
Pillar comparison
Which currency wins each macro driver| Driver | EUR | NZD | Edge |
|---|---|---|---|
| Interest Rates | -17 | +11 | NZD |
| Growth | — | +1 | — |
| Positioning | +8 | -56 | EUR |
| Risk Mood | -0 | +39 | NZD |
| Commodities | — | +22 | NZD |