NZD/CNY begins direct trading agreement
The currency pair started trading on March 19
The New Zealand dollar has become directly tradable against the yuan, joining the ranks of the few standalone crosses that don't require trades through the dollar, in the latest sign that the popularity of Chinese currency crosses are increasingly on the rise.
The New Zealand dollar and the Chinese yuan were given approval by their respective governments to begin direct foreign exchange trading this week, less than a year after a similar agreement was granted to Australia.
The agreement between
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