free shipping fivefingers After the expiry of 19 June last year to further promote reforms in the past year, the central rate of RMB against the U.S. dollar exceeded 5% of the total increase. Yuan against the dollar yesterday after the reform, once again set a record 87 basis points increase, which is the highest in almost three weeks, the largest one-day volatility, reported the U.S. dollar against the RMB 6.4716 yuan.
Spot market "unexpectedly" high opening
"The decline in the dollar is limited, Yuan, opened long ago, it is a bit unexpected." Analyze the domestic foreign exchange trader at the bank, told reporters. Foreign exchange market yesterday opened the first store, "silent" overnight U.S. dollar, breaking the day before the investigation began, the highest point, after hitting a new high 6.4634.
Restart the reform on the first anniversary, a few days rest the high spot market suddenly opened to foreign exchange analyst at China Merchants Bank, Dong-Liang Liu opinion, which shows how much of the recent appreciation of the RMB, "decision" is still great. In fact, late yesterday, the trend of RMB spot market began late in some "accident". Although the day to suppress dollar rebounded to set the yuan down, but at the end of the exchange rate suddenly appeared in the autumn.
Some analysts pointed out, the SAFE recently released a report on the surplus, fueled by short-term market expectations of yuan appreciation. Thursday, SAFE issued the "State management of foreign exchange annual report for 2010," the weather will be in China 2011 international balance of payments continued to show a large balance of payments showed a surplus of volatility can be started.
However, the Yuan forces on the spot market did not last, even when the disc topped RMB 6.47 mark, but at the end of dollar buying pressure, the final is still close in the apartment.
This year a slightly higher rate of appreciation
Since June 19 last year will continue to promote the exchange reform, the central rate of RMB against the U.S. dollar exceeded 5% of the total increase. From this perspective, reforms on the first anniversary of the restart, the basic trend of the RMB exchange rate exchange rate reform in 2005 to determine the return path. Over the past year, slightly RMB against the dollar, the gradual strengthening of the RMB exchange rate flexibility, while gradually increasing.
This year, the RMB against the U.S. dollar appreciated slightly accelerated. SAFE said in the report because the 2005 reform, the exchange rate by the end of 2010, the central rate of RMB against the U.S. dollar has appreciated 24.97%. Among them, at the end of 2010, the central rate of RMB against the dollar strengthening at 2055 basis points at the end of 2009, appreciation of 3%. A reporter for the beginning of this year, an increase of RMB central parity against the dollar, 2.28% more than in the last half year half.
Some scholars point out that the reform, because the restart, the greater yuan appreciation, "Harvest" is increasingly reflect a reference to a basket of currencies and not just look for one dollar. Associate Professor of International Finance, Fudan University, said that the country prior to us last year, the yuan rose against a basket of currencies are depreciated on a basket of currencies in the RMB against the U.S. dollar and the balance between them. Lu political commissioner, senior economist at Industrial Bank (blog) (microblogging) also said that the RMB exchange rate is a major problem in the past, against the dollar exchange rate changes to the U.S., turned to a basket of currencies, the exchange rate relatively stable.
Spot market "unexpectedly" high opening
"The decline in the dollar is limited, Yuan, opened long ago, it is a bit unexpected." Analyze the domestic foreign exchange trader at the bank, told reporters. Foreign exchange market yesterday opened the first store, "silent" overnight U.S. dollar, breaking the day before the investigation began, the highest point, after hitting a new high 6.4634.
Restart the reform on the first anniversary, a few days rest the high spot market suddenly opened to foreign exchange analyst at China Merchants Bank, Dong-Liang Liu opinion, which shows how much of the recent appreciation of the RMB, "decision" is still great. In fact, late yesterday, the trend of RMB spot market began late in some "accident". Although the day to suppress dollar rebounded to set the yuan down, but at the end of the exchange rate suddenly appeared in the autumn.
Some analysts pointed out, the SAFE recently released a report on the surplus, fueled by short-term market expectations of yuan appreciation. Thursday, SAFE issued the "State management of foreign exchange annual report for 2010," the weather will be in China 2011 international balance of payments continued to show a large balance of payments showed a surplus of volatility can be started.
However, the Yuan forces on the spot market did not last, even when the disc topped RMB 6.47 mark, but at the end of dollar buying pressure, the final is still close in the apartment.
This year a slightly higher rate of appreciation
Since June 19 last year will continue to promote the exchange reform, the central rate of RMB against the U.S. dollar exceeded 5% of the total increase. From this perspective, reforms on the first anniversary of the restart, the basic trend of the RMB exchange rate exchange rate reform in 2005 to determine the return path. Over the past year, slightly RMB against the dollar, the gradual strengthening of the RMB exchange rate flexibility, while gradually increasing.
This year, the RMB against the U.S. dollar appreciated slightly accelerated. SAFE said in the report because the 2005 reform, the exchange rate by the end of 2010, the central rate of RMB against the U.S. dollar has appreciated 24.97%. Among them, at the end of 2010, the central rate of RMB against the dollar strengthening at 2055 basis points at the end of 2009, appreciation of 3%. A reporter for the beginning of this year, an increase of RMB central parity against the dollar, 2.28% more than in the last half year half.
Some scholars point out that the reform, because the restart, the greater yuan appreciation, "Harvest" is increasingly reflect a reference to a basket of currencies and not just look for one dollar. Associate Professor of International Finance, Fudan University, said that the country prior to us last year, the yuan rose against a basket of currencies are depreciated on a basket of currencies in the RMB against the U.S. dollar and the balance between them. Lu political commissioner, senior economist at Industrial Bank (blog) (microblogging) also said that the RMB exchange rate is a major problem in the past, against the dollar exchange rate changes to the U.S., turned to a basket of currencies, the exchange rate relatively stable.
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