The Central Parity Of RMB Against The US Dollar Has Broken 6.5&Nbsp, And The Exchange Rate Reform Has Reached A New High.
Come from
China's foreign exchange pactions
According to the latest data from the center, the central parity rate of RMB against the US dollar in April 29th was 6.4990, breaking through the 6.5 important barrier at one stroke and making the exchange rate reform a new high since then.
The people's Bank of China authorized the China foreign exchange trading center to announce that the RMB exchange rate in the interbank foreign exchange market in April 29, 2011 was RMB 1 yuan to RMB 6.4990 yuan, 1 euro to RMB 9.6348 yuan, 100 yen to RMB 7.9718 yuan, 1 Hong Kong dollar to RMB 0.83639 yuan, 1 pounds to RMB 10.8130 yuan, RMB 1 yuan to 1 ringgit, RMB yuan to Russia ruble.
On the previous day, the RMB pair
US dollar exchange rate
The median price is 6.5051.
Because the Fed has not changed the current quantitative easing policy, plus
Federal Reserve
President Bernanke expressed caution that the US dollar index continued to run low in the international market.
Analysts say the current US interest rate level is relatively low, the economic growth is slow and the federal budget deficit is huge. These factors suppress the US dollar trend, and it is expected that the dollar will not improve before the end of the quantitative easing policy.
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