Aussie
Correct
Problem for NZ is all reserves are in $USD
Even reserve bank realises that
http://www.sharechat.co.nz/article/a...tervening.html
At the same hearing, Deputy Governor Grant Spencer confirmed New Zealand’s central bank was trying to move its assets away from the greenback as the world’s reserve currency remained out of favour with investors.
“We’re trying to reduce our exposure to U.S. dollars as it heads south,” Spencer said.
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