But my research shows that it would likely continue to ignore the trade-weighted exchange rate and target a strong RMB-dollar cross rate
for good reasons.
Start Transaction Rate [poundssterling]100 1: sell [pounds sterling]s [pounds to get $s through the sterling]1 cross rate
= $2 $200 2: sell $s to get [euro]s $1 = at the favourable rate for [euro]4 buying [euro]s [euro]800 3: sell [euro]s to get [pounds [pounds sterling]s at the sterling]1 favourable rate for = [euro]6 selling [euro]s Start Transaction Calculation [pounds 1: sell [pounds sterling]s [pounds sterling]100 to get $s through the sterling]100 x 2 cross rate
$200 2: sell $s to get [euro]s $200 x 4 at the favourable rate for buying [euro]s [euro]800 3: sell [euro]s to get [euro]800[?
That would be consistent with a euro-dollar cross rate
of over $1.
2) Combined with results that show that the AU/US exchange rate responds by very little to New Zealand news, the results suggest that the low variation in the New Zealand--Australia cross rate
is because both currencies respond in a similar fashion to Australian (but not New Zealand) macroeconomic data.
Congress opens probe into Anthem Blue Cross rate
increases," The Los Angeles Times, February 10, 2010 http://www.
I love my job as a postal clerk, but with the impending rate merger this gives me another avenue to look at hands-on training and experience that may result in a future request to cross rate
," said Larson.
The fall in the cross rate
reflects a combination of the AUD giving back ground and the NZD continuing to trend higher.
Summary: The contrasting data out from the Eurozone and UK continues to weigh on the Eur/Gbp cross rate
with the market now approaching a retest of the 2009 lows.
However, we do not see and real potential for the cross rate
to sustain itself below 2, and with the latest pullback stalling out by the 78.
EUR-JPY was showing the biggest percentage decline out of the main currency pairings and cross rates
, of 0.
Pavan, who has 25 years of fixed income product experience, has most recently served as a managing director in Cross Rates
Sales at Deutsche Bank (NYSE: DB) (DBK.
The Luca Cumani-trained Norway Cross rates
the best bet of the afternoon at Windsor.