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appreciation of the renminbi in the last week fired the fiery, strong guidance by the central parity, the spot inquiry trading system, the highest intraday price the RMB against the U.S. dollar report at 6.5931, with the purchase of foreign demand to expand the afternoon off disk. It is noteworthy that, Chinese President Hu Jintao will visit the U.S. next week, the recent exchange rate movements shows that in the
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from the China Foreign Exchange Trade Center's latest data show that, on January 17 reported central parity rate of RMB 6.5897 to the dollar, rose 1 basis point higher than the previous trading day. The People's Bank of China authorized by China Foreign Exchange Trade Center, January 10, 2011 the interbank foreign exchange market, dollar and other currencies against the yuan central parity rate of 6.5897 yuan against one U.S. dollar, 8.8061 yuan against one euro, 7.9442 yuan against 100 yen Yuan, a Hong Kong dollar against 0.84757 yuan, 1 GBP 10.4559 yuan, 1 yuan against 0.46407 ringgit, 1 yuan against 4.5564 rubles.
(and the News Finance Director) Recommended Reading Bernanke optimistic expectations of 4% U.S. economic growth has stimulated the economy to insist QE2 good
Euro Rebate: Germany's embarrassing, Wall Street is very tangled love-hate QE2 debut in 2010 real exchange rate rose 4.72% in Europe concerns motivated the Chinese yuan-denominated bonds purchased in U.S. dollars [RMB premium] [Quote Center]
1 月 17 The dollar forward exchange rate of RMB against the table:
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deadline date of the purchase price selling price
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7 天 (7D) 6.5920 6.5950 2011-01-26
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1 month (1M) 6.5770 6.5810 2011-02-22
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2 months (2M) 6.5600 6.5650 2011-03-21
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3 months (3M) 6.5450 6.5500 2011-04-19
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4 months (4M) 6.5264 6.5330 2011-05-19
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5 months (5M) 6.5065 6.5149 2011-06-20
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6 months (6M) 6.4885 6.4985 2011-07 -19
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9 months (9M) 6.4530 6.4730 2011-10-19
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12 months (1Y) 6.4175 6.4475 2012 -01-19
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Chinese President Hu Jintao will be held January 18 to 21 visit to the United States. Chinese Ambassador Zhang said recently, President Hu Jintao's upcoming state visit to the United States is to promote the new era of Sino-US relations a major diplomatic action, far-reaching significance. Set foot in the upcoming trip to visit the United States before President Hu Jintao in a rare written response from both the media question the authority of the United States, including the exchange rate issue for his views.
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Hu Jintao said that China is using to raise interest rates and a series of policy responses to inflation and inflation exchange rate policy is hardly a major factor in the decision. We are confident, qualified and have the ability to stabilize the overall price level.
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Hu Jintao visited the United States to remove the political factors that can inhibit the appreciation of real imported inflation? China International Capital Corporation, believes that the appreciation in the fight against inflation and interest rates the focus is different. Interest rate increase is mainly suppressed domestic demand, appreciation of the renminbi is mainly to reduce the import prices of raw materials. Recent PPI and non-food consumer goods rise year on year to re-display imported inflation pressures, so the intensity of RMB appreciation should also be increased from the previous month. Of gold that the 1-February interest rate hike less likely, the price for some time the central bank may be more dependent on the exchange rate tool means to prevent imported inflation.
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the long view, the renminbi appreciation for the suppression of imported inflation, trade disputes, and many other improvements have a positive effect, but short-term impact on the market has limited trading opportunities are rather than trend opportunities, investors should have a clear understanding of this.
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of views and information networks do not represent the position
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