Nomura has launched a foreign-exchange index of global currencies on its electronic trading platform, NASDAQ reports. The new global currency index is linked to China’s economic growth.
Nomura’s C10 index is a tradable currency basket, comprising 10 currencies of both developed and emerging-markets. The Australian and New Zealand dollars are included in the index, along with the South African rand, the Chilean peso, the Korean won, Indonesian rupiah and the Singapore and Taiwan dollars.
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