Shanghai Securities News (reporter Fan Zimeng) on October 25, the onshore RMB exchange rate against the US dollar opened up 20 points to recover the 6.39 mark. At the same time, the offshore RMB fell nearly 30 points against the US dollar in the short term. As of 9:32, the onshore and offshore RMB were reported at 6.3888 and 6.3842 against the US dollar respectively.
On the same day, the central parity rate of RMB against the US dollar rose 108 basis points to 6.3924 compared with the previous trading day.
Recently, the RMB has appreciated rapidly and maintained its strength. Zhong Zhengsheng, Ping An’s first economic team, believes that looking forward to the future, the short-term US dollar index still has a strong driving force, and the driving force for further appreciation of the RMB exchange rate is weak; In the medium term, the convergence of the economic growth gap between China and the United States in 2022 may cause some depreciation pressure on the RMB exchange rate; But in the long run, China's current account surplus year after year and the international capital flow situation are improving, supporting the long-term center of the RMB exchange rate. In addition, the approximate rate of RMB exchange rate will continue to fluctuate in both directions and increase its elasticity in the future.
Short comments: The most direct impact of RMB appreciation on export-oriented industries is the relative increase in export prices, which means that the price competitiveness of Chinese products abroad has decreased.
Global Shipping System Under The Impact Of The EpidemicJune 30, 2022What has happened to the global shipping system under the impact of the epidemic?1. "Crazy" shipping priceIn the winter of novel corona virus pneumonia, besides the hot vaccine industry, the...view
Vale's Chief Executive Says Iron Ore Is Not In A SupercycleJuly 1, 2022Iron ore is not starting a new supercycle, according to Vale chief executive Eduardo Bartolomeo. In a FinancialTimes interview, the ceo estimates that demand will level off in two years.Bartolomeo say...view
New Confirmed Cases In Hangzhou, Zhejiang, ChinaJune 30, 2022On the morning of October 31st, a case of COVID-19 nucleic acid positive was detected in the forenoon of Hangzhou transit train from Hangzhou.Zhan, female, took G1382 train from Shangrao to Shanghai o...viewOverview Of The Principle Of Mechanical SealJuly 4, 2022The mechanical seal is a shaft sealing device that relies on a pair or several pairs of end surfaces that slide relative to the shaft perpendicularly to the shaft under the action of the fluid pressur...view
The Three Armies Met, They Had An Exchange Of Ideas in The Iron Man Memorial HallJuly 1, 2022On the afternoon of July 11th,Daqing ironman memorial for a group of special guests, they are just finished "the long march" group company skill experts interact, three teams "meet"...view
Black Metal Regular Meeting This Week Steel City Or FallJuly 1, 2022Summary: Review of the steel market last week, steel prices showed a downward trend, the steel comprehensive price index fell 69 points, including, thread, wire fell 84 and 76 points respectively, pla...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
