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.
Spot Market For Raw MaterialsJuly 1, 2022Import mine: on April 8th, the spot market activity of imported iron ore in the area along the Yangtze River has picked up somewhat compared with the earlier stage, the trade newspaper has improved th...viewThe introduction of drum plugJune 16, 2023The content of product introduction today is the drum plug, which is usually divided into two types: galvanized and coated, with two sizes of 2 inches and 3/4 inches, round in shape, and screwed into ...viewOther 10 Questions About Waterborne Paint?July 1, 202211. How about the weather resistance and novelty resistance of waterborne paint?It is much better than paint, about twice as much, because the resin crosslinking way of waterborne paint is not the sam...viewWasherJuly 11, 20231. The definition and types of washer Washer , also known as O-ring, is a circular section of the sealing element, the material is usually made of rubber, silicone rubber, fluorine rubber and other po...view
The Versatility, Application, And Future Development of Steel DrumsNovember 10, 2023Steel drums, also known as 55-gallon drums, are widely used in various industrial applications due to their durability, versatility, and cost-effectiveness. In this article, we will explore some commo...viewBenefits of Drum Locking Clamps for Secure Container HandlingJanuary 31, 2024Container handling is a crucial aspect of various industries, particularly those involved in the storage, transport, and disposal of hazardous materials. Among the many tools and accessories used in t...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
