Xinhua Beijing, May 7 (Reporter An Bei) rose break the 6.5 mark, for the first time on Friday after entering the 6.49 interval, this week, the Renminbi exchange rate against the dollar prices fell modestly in the Middle, at 6.5 rangebound stable. Analysts pointed out that the revaluation of the renminbi were expected to continue to maintain a progressive trend.
the "Labor Day holiday after four trading days, Chinese Renminbi exchange rate against the dollar in foreign exchange trading center announced price decline of three trading days in the Middle, trading day higher, week volatility of only 23 basis points. On Tuesday, the Renminbi exchange rate against the dollar price on the basis of 6.499 reform high on Friday, slightly down by 12 basis points to 6.5002. Then two trading days, the Renminbi exchange rate against the dollar prices continued to fall in the Middle 23 basis points, on Thursday to 6.5025. On Friday, the Renminbi exchange rate against the dollar higher among 22 basis points, to 6.5003.
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Japan Central Bank meeting summary of: should consider further provides financial help euro trend double whammy RMB on dollars exchange rate shocks go stability RMB shocks go stability AUD began plunged want more assistance Greece or required pledge base Zhang Tingbin: dollars of "Empire strikes back" euro to out two a structural opportunities [registration] listen to Wen Guoqing taught you copy end opportunity this week early , The "base" organization leader Usama bin Laden dead market for messages raised concerns of possible retaliation in the near future geopolitical risks, higher risk assets have been sold, a correction in the most non-US currencies, the dollar index to rebound modestly. Friday, the United States payroll data released better than expected, stimulating investors on United States confident of economic recovery, the dollar index rebounded further. Nevertheless, the Bank of China (601,988, unit) researchers pointed out that, mainly because of the Fed's quantitative easing monetary policy pursued for a long time will not end in the short term, dollar medium-term are expected to maintain the downward trend does not change.
although the RMB's exchange rate against the dollar prices continued a callback in the Middle, but on the spot market, the Renminbi exchange rate against the dollar this week has to exceed 6.5 across the entire digital. Analysts expected, still is in the appreciation of the Renminbi, but will remain gradual appreciation of the situation. Bank of
2010, June 19 announced its further promoting the reform of RMB exchange rate mechanism, a modest revaluation of the Renminbi, bi-directional characteristics of floating clear, exchange rate flexibility significantly enhanced. Middle price to take account of, since June 19, 2010, the Renminbi rate had reached 5%. Since the beginning of this year alone, the Renminbi has more than 1.8%.
on the forward market, 6th, which overseas markets to overseas non-deliverable market of RMB's appreciation of US dollar against renminbi a year compared to the price and the spot exchange rate, show one year after the market believes that the renminbi is 2%, appreciation is expected to remain strong.
on Thursday held a meeting of the European Central Bank interest on the interest rates remain unchanged, the European Central Bank to raise rates further is expected to be suppressed, the biggest one-day drop since the euro was created in August 2010. On Friday, about Greece will exit the rumors out of the eurozone, while the eurozone officials are rumor, but the euro quickly fell again.
under the influence of this this week against the euro after the intermediate prices in slight shock, greater appreciation of the range on Friday, once upon a time interval rise to 9.6 9.4 interval of a few trading days.
