The First Australian Dollar To Buy Financial Products

The European Central Bank raises interest rate 0.25% to stir up international foreign exchange.

At present, the RMB tends to depreciate relative to the euro and Australian dollar, so if you hold the euro and Australian dollar, you need not rush to convert into RMB and buy some of them.

Euro financial returns vary by nearly half.

Considering that the euro zone is likely to raise interest rates by 50 to 75 basis points this year, and after the euro raises interest rates, the renminbi will tend to depreciate. Analysts suggest that investors can manage the euro in the medium and short term, and the euro will be 9.3 lower than the renminbi, and the cost of purchase will be more cost-effective.

But the purchase of Euro financial products must be three goods, because the return rates of similar financial products of different banks can vary by nearly half.

For example, they are all three month Euro financial products, and CITIC Bank expects an annual return of 2.9%, while the Bank of communications has a return rate of only 1.75%~1.9%.

In the half year financial products, the expected annual yield of Minsheng Bank is 4.25%, but the similar product of Bank of communications is only 2.05%~2.2%.

Last month, the euro area inflation rate reached 2.4%, higher than the Bank of communications and Bank of China related financial products expected rate of return, it can be seen that if you buy such financial products, rather than for consumption in the EU, will only bring real "loss" rather than profit.

Zhu Youjia, a financial manager of CITIC Bank, told reporters yesterday that the bank's interest rate on financial products issued was fixed before, and there was no new change with interest rate increase. If the change is made, only the next phase will be adjusted.

The industry expects that the return rate of the new euro financial products will be improved.

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The chief economist of the Industrial Bank, Lu commissar, said that the European Central Bank's entry into the battle against inflation will constitute a severe warning to speculators in commodities and ease the pressure on the Asian front.

But on the other hand, because the European economy is weak, it is not the leading role in the commodity market, and the pressure is limited.

More seriously, from the dollar index point of view, raising interest rates to maintain a strong euro, thereby weakening the dollar phase, so that US dollar denominated commodities may continue to rise.

Therefore, although countries have entered the cycle of raising interest rates, commodity prices are still hitting record highs. This has affected the exchange rate of Australia, a resource power Australia, has been rising since last year's economic recovery. In just a year and a half, the Australian dollar has appreciated 50% against the renminbi.

It is estimated that the Australian dollar appreciation will not change much before the end of the year, and the annual yield of the Australian dollar has reached more than 6%.

If there are 10 thousand Australian dollars to buy the Australian dollar semi annual financial products of Minsheng Bank, the yield will reach 10000 * 7.55% * 0.5+10000=10377 Australian dollar after six months.

The Australian dollar is expected to appreciate another 4% in the next six months.

At that time, the actual revenue from the 10 thousand Australian dollar will be 10377+10000 * 4%=10777 Australian dollar.

Equivalent to 10 thousand Australian dollars, the actual financial income within six months can reach 777 Australian dollars, equivalent to about 777 x 6.8=5283 yuan.

US dollar revenue is relatively low during the year.

After the EU raised interest rates, the renminbi continued to maintain its upward trend in most non Euro currencies.

Financial experts believe that although the rate hike in Europe, interest rates in the US may not follow closely.

Huang Yiping, Professor of the National Development Research Institute of Peking University, believes that the Federal Reserve's view of the US dollar exchange rate should be very complicated. Considering the stability of the financial market, of course, it does not want to depreciate all along.

But considering economic recovery, demotion is also necessary.

As long as there is no huge inflationary pressure, I believe the Fed will not raise interest rates.

Reporters learned that before raising interest rates, the yield of US dollar financial products is low. For example, the return rate of US dollar financial products is only 1/3 to half of that of Australian dollar financial products. It fluctuates before 2.%~3.45%, and this year the renminbi will appreciate 3%~5% against the US dollar.