Reserve Bank of NZ’s trade-weighted index should include China’s yuan, economists say

Thu, 20 Mar 2014

By Tina Morrison March 20 (BusinessDesk) – The Reserve Bank of New Zealand’s currency basket used to measure the broader value of the New Zealand dollar should be widened to include the Chinese yuan, given China is now the nation’s biggest market and the two currencies can be directly traded, economists say. The Reserve Bank calculates the trade-weighted index by measuring the value of the New Zealand dollar against the US dollar, euro, Japanese yen, Australian dollar and British pound, the currencies of some major trading partners. Economis...

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