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.
Meanwhile, the won-yen cross rate
stood at 929.22 as of 10:24 am (Yonhap)
By buying euros through the dollar market or cross rate
we would cause the euro's price to rise in this market, whereas the act of selling it through the direct quote would cause its price to fall.
That would be consistent with a euro-dollar cross rate
of over $1.60," Credit Suisse said.
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.latimes.com/business/la-fi-anthem10-2010feb10,0,2234973.story
"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.