Home >

This Year'S Increase Is Nearly 2%&Nbsp; The Renminbi Has Climbed 3 Consecutive Days.

2011/5/13 16:39:00 38

??? 日本語 Fran?ais English 中文

The latest data from the China Foreign Exchange Trading Center show that in May 11th, the central parity of RMB against the US dollar was 6.4948, and the new record was set for three consecutive trading days. On the previous day, the central parity of RMB against the US dollar was 6.4950.

So far this year, the central parity of RMB against the US dollar has risen by nearly 2%.

EU officials say EU finance ministers may approve Portugal's aid plan next week, partly easing investor concerns about the European debt crisis.

The rise in the US stock market has also improved risk appetite.

Against this background, the central parity of the RMB against the US dollar has continued to rise, and has reached a new high.

"April

Balance of trade surplus

The sharp rebound has increased the expectation of RMB appreciation to a certain extent.

A foreign investment bank

paction

The clerk said so.

However, some industry insiders analyzed that although the trade surplus in April surpassed the market expectation, the pressure of RMB appreciation was only short-term.

In China's economic structure, exports account for a relatively large proportion, while domestic

The labor

The rise of cost will also exert great pressure on the cost of small and medium-sized enterprises, and the appreciation of exchange rate will produce double pressure.

Therefore, the pace of exchange rate growth will not be too fast, the central bank stakeholders also said that the possibility of a one-time substantial appreciation is low.

"Since the beginning of April, the pace of RMB appreciation against the US dollar has accelerated significantly, and the most important reason is the appreciation of inflation to control imported inflation."

Da Mo Hua Xin multi factor Fund believes that since last year, monetary policy has a certain emphasis on the choice of inflation tools. First, control from quantity and then to interest rates and then to exchange rates can reflect the priority of the central bank in choosing monetary policy.