RMB To Us Dollar Exchange Rate Changes To New High
The central parity of the RMB against the US dollar has hit a new high since 2005 in the last two trading days of last week.
Last Friday trading day, the central parity of RMB against the US dollar announced by the China foreign exchange trading center increased by three trading days, and two yuan.
paction
The day falls, the weekly wave amplitude is 98 basis points.
On the last three trading days last week, the central parity of RMB against the US dollar continued to rise, and on Thursday and Friday, it hit the high point since 2005, rising to 6.5564 and 6.5527 respectively.
RMB to us dollar
exchange rate
The impact of the middle price and the demand for the end of the quarter settlement pushed forward the closing price of the RMB against the US dollar in the three trading days of last week, reaching a new high since 2005, and breaking through the 6.55 pass on Thursday, reaching 6.5485.
As of last Thursday (March 31st), the RMB exchange rate against the US dollar increased by 0.63% in the first quarter.
On Friday (April 1st), the highest price of the RMB against the US dollar reached 6.5452, closing at 6.5479, all the highest since 2005.
Financial expert Tan Yaling believes that the US dollar has continued to consolidate at a low level and strong in recent years.
RMB appreciation
It is expected that the main reason for the recent high RMB exchange rate is high.
Recently, the voice of the Federal Reserve raising interest rates has become a major factor in pushing the US dollar to strengthen briefly.
Analysts at Bank of China believe that although this reduces market expectations for further quantitative easing by the Federal Reserve, it does not mean that the Fed will quickly turn to monetary tightening.
The strengthening of the US dollar is not a long-term trend.
In the euro area, although the interest rate hike is expected to continue to rise, the debt problem of euro zone countries will still be a key factor affecting the euro's trend.
Last Friday night, the US non farm payrolls report showed that the increase in US non farm employment in March was far better than expected, and the largest increase since May 2010, and the unemployment rate has further declined.
Good figures ignited the enthusiasm of the market for more dollars. The US dollar index rose rapidly, hitting 76.61, hitting a new high since March 17th.
But then fed governor Dudley's remarks on the US economic recovery process are still slow, so the market deflation is expected to rapidly cool down, the US dollar trend has dropped sharply, and once again dropped to below 76.
Analysts believe that the yen has dropped sharply, and it is also a factor in pushing the RMB exchange rate to record high in the near future.
Affected by Japan's March 11th earthquake and tsunami and subsequent nuclear crisis, the market is worried about the economic growth of Japan.
Under the influence of widening spreads, the dollar rose 3.6% against the yen last week, the biggest gain since December 4, 2009.
Since the people's Bank of China announced the further reform of the RMB exchange rate formation mechanism in June 19, 2010, the RMB has appreciated slightly, the two-way floating characteristics are obvious, and the exchange rate elasticity has been significantly enhanced.
In the middle price, since June 19, 2010, the appreciation of the RMB has exceeded 4%.
In the forward market, on the evening of 1 nights, the overseas non capital delivery market used to measure the expected value of RMB appreciation in overseas markets was compared with the spot exchange rate of the US dollar against the RMB. It shows that the market thinks RMB appreciation is about 2% a year, and the appreciation expectation is slightly enhanced, but it still belongs to a reasonable range.
Affected by the low yen, last week, the central parity of RMB against the yen went from 8 to 7.8.
The central parity of the RMB against the euro has declined slightly.
- Related reading
- Industry standard | Shishi Tai Fan Textile Machinery Products Are Popular In The International Market.
- Clothes & Accessories | Zanellato Looking For Fashion Design Style With Chinese Characteristics
- Fashion posters | How To Choose A Formal Shirt Under "Personal Needs"?
- Pay attention to employees | Foreign Demand Is Dropping, Guangdong'S Enterprises Are Turning To Domestic Business Opportunities.
- Global Perspective | 孟政府擬重金挽救紡織服裝等企業
- Enterprise information | The Concept Of Clothing Brand Extends The Polo Culture
- Enterprise information | Qipai Makes World Famous Brand And Sets Up National Ambition.
- Pay attention to employees | Shishi Excipients Brave The Trend Of Fashion
- Market quotation | Shishi Five Enterprises Accept Environmental Protection Inspection Team Evaluation
- Fashion posters | The Secret That The Sky Broke And The Jeans Were Uncovered.
- 矮個子女生春季穿衣搭配 嬌小女障眼法(組圖)
- The World Finals Of The 2011 World Supermodel Competition Starts In Sichuan.
- 不儲蓄絕對成不了富翁
- Using Three Tactics To Kill Short Term Financial Products Skillfully
- 日本拖累全球
- The Strategy Of Attack And Defense Based On "Map"
- 2011紐約秋冬時裝新趨勢:鞋子矮了 襪子更重要
- 2010 Annual Report Released More Than Half &Nbsp; 98% Small And Medium Board Listed Companies Earnings
- 高價奢侈品:稅收占20% 品牌商拿走30%
- International Technical Trade Measures In The Field Of Textile And Clothing