COT Reports / Currencies / N6

New Zealand Dollar (N6): COT Report, Price & Analysis N6

Track how "Smart Money" institutions are positioning themselves in New Zealand Dollar (N6). By analyzing the latest Commitments of Traders (COT) data from the NZ DOLLAR - CHICAGO MERCANTILE EXCHANGE, with real-time price charts and sector comparisons, we provide a deep dive into the current market dynamics. Understanding these underlying shifts allows you to better anticipate where the market might be heading next.

About New Zealand Dollar (N6)

About the New Zealand Dollar (NZD/USD)

The New Zealand Dollar futures contract represents the exchange rate of the NZD versus the US Dollar. Informally known as the 'Kiwi', it is a notable commodity-linked currency.

Primary Usage

New Zealand is heavily reliant on agricultural exports. The contract is used by agricultural firms for hedging and by speculators seeking yield or exposure to Asian-Pacific economic growth.

Market Dynamics & Key Drivers

  • Dairy Export Prices: New Zealand is a global powerhouse in dairy exports (like milk powder); global dairy auction prices strongly influence the Kiwi's value.
  • RBNZ Policy: The Reserve Bank of New Zealand often runs different interest rate cycles than other developed nations, driving currency yield differentials.
  • Asian Economic Demand: Much like the Australian Dollar, the Kiwi relies heavily on demand from Asian markets, particularly China.
Price
$0.58 / USD
Jun 05, 2026
Market Sentiment
Increasing Bullish
Outlook
Net Position
Net Position: Difference between long and short contracts of Non-Commercials (large speculators/funds). A positive value means they are predominantly net-long (expecting rising prices).
-28,246
▲ 17.4%
Market Situation
The market situation analyzes the current net positioning compared to the historical average of recent years (Z-Score). This helps to identify extreme market conditions.
Bearish

New Zealand Dollar (N6) Price Chart

COT Charts

Currency Pair Information

Trading Pair NZDUSD
Base Currency NZD
Quote Currency USD
Current Rate 0.5798

Note: This pair shows NZD/USD. A higher value means the New Zealand Dollar is stronger against the USD.

Compare Currencies

Australian Dollar (A6) British Pound (B6) Euro FX (E6) Japanese Yen (J6) Mexican Peso (M6) New Zealand Dollar (N6) Swiss Franc (S6) US Dollar Index (DX)

Latest News for New Zealand Dollar

RBNZ Signals Rate Hikes Possible If Inflation Threats Linger
RBNZ Signals Rate Hikes Possible If Inflation Threats Linger

The Reserve Bank of New Zealand has indicated it could raise interest rates if the surge in oil prices related to the Iran war drags on, threatening a sustained rise in inflation.

WSJ WSJ, 2 months ago

RBNZ Leaves Interest Rates on Hold, Expects Inflation to Soften
RBNZ Leaves Interest Rates on Hold, Expects Inflation to Soften

The Reserve Bank of New Zealand left interest rates unchanged at its monetary policy meeting and said it expected inflation to retreat soon and for economic recovery to gather p...

WSJ WSJ, 4 months ago

Expect RBNZ to 'slow down' pace of monetary easing in 2025: HSBC
Expect RBNZ to 'slow down' pace of monetary easing in 2025: HSBC

Paul Bloxham of HSBC explains why he expects the Reserve Bank of New Zealand's official cash rate to lower to 3.25% by the end of 2025.

CNBC International TV CNBC International TV, over 1 year ago

Positioning History

commercial and non-commercial positions
Date Position Net Position
Difference between Non-Commercial Long and Short
Non-Comm. Long
Speculators & funds betting on rising prices
Non-Comm. Short
Speculators & funds betting on falling prices
Comm. Long
Hedgers/producers hedging against rising prices
Comm. Short
Hedgers/producers hedging against falling prices
Jun 02, 2026 Bearish -28,246 8,460 36,706 110,580 79,974
May 26, 2026 Bearish -34,179 11,721 45,900 75,380 38,390
May 19, 2026 Bearish -40,613 12,319 52,932 76,920 33,423
May 12, 2026 Bearish -39,150 11,846 50,996 71,004 29,487
May 05, 2026 Bearish -48,251 9,063 57,314 72,581 23,254
Apr 28, 2026 Bearish -46,322 9,044 55,366 70,524 22,974
Apr 21, 2026 Bearish -48,454 7,917 56,371 70,056 21,073
Apr 14, 2026 Bearish -42,276 10,112 52,388 66,965 23,253
Apr 07, 2026 Bearish -36,075 12,636 48,711 59,568 22,497
Mar 31, 2026 Bearish -28,588 10,663 39,251 55,919 26,473
Mar 24, 2026 Bearish -27,006 10,847 37,853 50,393 22,699
Mar 17, 2026 Bearish -23,057 10,998 34,055 49,317 25,457
Mar 10, 2026 Bearish -37,111 10,944 48,055 64,110 27,103