RMB To Us Dollar Exchange Rate Intermediate Price Creates New Adjustment Low Again
The China Foreign Exchange Trading Center announced that on the 24 day, the central parity of RMB against the US dollar was 6.3570, down 72 from the previous day.
basic point
A new low since the beginning of the month.
Since the beginning of the month, the US dollar has steadily rebounded, and the renminbi has gone out of a continuous pullback market against the US dollar.
23 days US dollars
index
Rose 1.01%, at 79 points above, hit a new high in the past one and a half months.
Against the backdrop of the fall in the non US currency and the rise in the US dollar, the central parity of RMB against the US dollar was set at a new low of 6.3570 for 24 days.
On the spot exchange rate, the interbank inquiry system on the day closed at 6.3680 against the US dollar, down 90 basis points.
Some analysts believe that the recent rise in the US dollar and the reversal of the renminbi are mainly due to the aggravation of the European debt problem.
In recent times, the euro area is a new disease that has not yet healed.
On the one hand, yields on eurozone bonds rose collectively, except for Germany last week.
Rate of return
On the 23 day of the week, the German government was forced to sell the Treasury bonds which exceeded the market demand.
The market fears that even the most powerful German economy in the eurozone will not be immune from the debt crisis.
On the other hand, European economic data are not performing well, and European economic growth is falling faster because of the debt crisis.
Based on this, the foreign exchange market has a strong risk aversion, and the traditional hedge currencies such as the US dollar and yen have been greatly strengthened, and the non US currencies such as the euro have generally declined.
Market participants say that resolving the European debt crisis is not a matter of time. In the short run, it is difficult to mitigate the risk aversion.
Under the strong US dollar pattern, the RMB exchange rate will continue to fluctuate.
- Related reading
European Debt And US Debt Will Lead To A New Round Of Interest Rate Cuts In The Global Capital Market.
|European And US Debt Crisis Deepened And International Oil Prices Continued To Fall.
|China'S Toll Fine Income Is 21962 Billion &Nbsp; It Is Equivalent To The 1/3 Of Tax.
|- Daily headlines | Although Xinjiang Awati Has Fired More Than 1000 Shells, The Hail Disaster Is Still Serious.
- Fashion makeup | Maria Ozawa PK, Tak Se Lola, Shows His Skills And Puts On Makeup.
- Information Release of Exhibition | 2012 The Fourth China (Shijiazhuang) International Fur And Leather Fair Is About To Open.
- City Express | 倫敦奧運會 寧波元素大放異彩
- Wealth story | The Story Of Fashion Shoe Designer Sa Feragamo
- Shoe Express | Sheme Shoes, Concentric Knot, Let Luxurious Art Go To The Summit.
- Expo News | The Ninety-Fourth Intermediate Needle Manufacturers Prefer Individual Products.
- City Express | Swedish Clothing Brand J Lindeberg Is Strong In Mainland China
- News Republic | Ice Breaking In Clothing Industry: Low End, Low Price, High End, Personality.
- Fashion item | A Fashion That Still Thrives After 150 Years - Windbreaker
- Xu Fan Led The 13 Star Of Huayi.
- Within A Day, The Market Value Shrank By HK $4 Billion 100 Million &Nbsp; What Happened To ESPRIT?
- How Can Small And Medium-Sized Shoe And Clothing Enterprises Break Through In The Market Competition?
- Slowdown In Brand Growth Of Sports Shoes And Clothing
- Thermal Underwear Market &Nbsp; This Winter Is A Bit Cold.
- Thermal Underwear Market &Nbsp; It'S A Little Cold This Year.
- "2+1" Service Helps Upgrade Yinzhou Textile And Garment Industry In Ningbo
- Cotton Prices In Hengshui Have Dropped By Nearly Half. Prices Of Winter Clothes Have Not Risen.
- Korean Version Of Pedicure, &Nbsp, Low Profile, Luxury And Luxury.
- 新加坡今年以來鞋服價格下跌0.8%