EUR/NZD

EUR/NZD CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Euro against the New Zealand Dollar.  

The Euro, issued by the Eurozone, is one of the world's major currencies. Its value is influenced by the economic performance of the Eurozone countries, monetary policy set by the European Central Bank (ECB), and overall global economic conditions.  

The New Zealand Dollar, issued in New Zealand, is also heavily influenced by commodity prices, particularly dairy and agricultural exports.

Both the Eurozone and New Zealand have trade relationships, and their currencies can be influenced by global economic factors. The EUR/NZD currency pair will be influenced by the relative economic performance and monetary policies of the Eurozone and New Zealand, and also the commodity markets.