Exchange Rate

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UBS Securities: Temporary trade deficit without obstruction of RMB exchange rate

Export growth in March is expected to rebound from the trough of February, but exports will have to decline later this year as global demand slows, UBS Securities reported March 10.  The temporary trade deficit has little impact on the renminbi's exchange rate, it said. China's import and export growth rate fell sharply in February, with year-on-year growth falling to 2.4% and 19.3% per cent, a report by Wang Tao, chief economist at UBS Securities China, said. However, there is no need for investors to be overly concerned about the slowdown in foreign trade or the trade deficit. Because, will 1 、...

Sino-US think-tank exchange rate on the eve of G20 finance ministers meeting

Mense April 23, Washington will hold the 20-nation group (G20) finance ministers and central bank governors meeting, the renminbi exchange rate issue again warming.  Yesterday, the China International Economic Exchange Center (CCIEE), a results conference on the "new semi-official semi-private think tank" voice: The U.S. intellectual Peterson International Economic Research Institute of the RMB exchange rate model has five major flaws. Does the renminbi really need to appreciate? CCIEE yesterday reported that the yuan appreciation of the reasons for the recent insufficient. CCIEE Executive vice Chairman, Academic Committee director Zheng ...

Deputy Minister of Commerce of the state: not to increase RMB exchange rate

The Deputy Minister of Commerce, Zhong Shan, told reporters at the Canton Fair yesterday that after negotiations with the United States, China and the US had reached an agreement, the Chinese foreign trade policy remained basically stable and the RMB exchange rate remained basically stable. On the eve of the exchange rate boost for exporters, the US pressed the renminbi to appreciate, giving exporters a new haze after the financial crisis. "If the exchange rate is higher, exports will certainly be affected." "Guangzhou Wuyang Motorcycle Co., Ltd. in charge of Kuzhunsen to reporters complained that the industry has been rumored that the exchange rate will be increased within 2 months, after the enterprise evaluation, the increase 2%~3% range can be basically ...

Real effective exchange rate of RMB even fall in March

In May this year, China's real effective exchange rate fell by 2.43%, the latest effective exchange rate, which was the third consecutive month of a fall in the real effective exchange rate since March, the BIS recently announced.  A further review of historical data found that, in the first 5 months of this year, only the real effective exchange rate rose 6.78% in February, the remaining 4 months have a certain degree of decline. The effective exchange rate is usually divided into nominal effective exchange rate and real effective exchange rate. It is understood that the actual effective exchange rate takes into account not only the relative movements of all bilateral nominal exchange rates, but also ...

Jiang Yu: China insists the reform direction of RMB exchange rate formation mechanism is unchanged

China News agency, Beijing, April 6 (Xinhua) Chinese Foreign Ministry spokeswoman Jiang Yu said at a regular press conference 6th that China's continued adherence to the reform of the RMB exchange rate regime remains unchanged in the reform of the renminbi exchange rate.  China will continue to adhere to the principles of initiative, controllability and Gradualism, and perfect a managed floating exchange rate system. In response to reporters about the U.S. postponement of the decision on whether to list China as a "currency manipulator", Jiang pointed out that the renminbi exchange rate is not the main cause of the Sino-US trade deficit, the appreciation of the renminbi is not a solution to the imbalance between China and the US. China has never used the so-called manipulation ...

Vice Minister of Commerce: keeping the RMB exchange rate stable is beneficial to the world

China News Agency, Birmingham, February 8 Chinese Vice minister of Commerce Zhongshan, said here 8th, to maintain the renminbi exchange rate of reasonable, balanced and basic stability, not only for China's benefit, the world economy is also beneficial. Mr. Zhong made the remarks at the "2010 China brand Commodities European exhibition" held in Birmingham, UK.  In response to a reporter's question, he said, China does have a lot of pressure on the renminbi, but he wants to say that keeping the renminbi's exchange rate reasonable, balanced and basically stable is not only beneficial to China but also to the world economy. Talking about the degree of dependence on China's economic and trade ...

Russia holds 500 million dollar loan against Belarus

Xinhua Beijing, May 30, Russia has been using Belarus to manipulate the exchange rate as a reason to shelve the 500 million U.S. dollar loan plan for Belarus, and alleged that the Belarusian economy may be bankrupt this year. According to the Singapore Lianhe Zaobao, Russian Finance minister Kudrin said the country's economy could be bankrupt by the end of this year because of a lack of adequate reserves. But Vladimir Putin, Russia's prime minister, said such extreme forecasts were inappropriate. He added that Russia would be available at any time if it needed support and assistance.  But Mr Putin did not mention the loans on hold. Earlier on, Russia has replied that ...

Dutch bank financial products are referred to "0 return" probability 96%

Every reporter Chen Ke from Shanghai with the revival of structural product release, The nightmare of "0 returns" comes back? A few days ago, the Dutch bank on sale of a "Rise and Fall win series" exchange rate linked to the first phase of structured investment products caused controversy-southwest finance and Wealth Trust and Financial Research Institute of the results show that the product 0 of the probability of achieving 96%; but a reverse assessment by ABN AMRO  The probability of the product being guaranteed above is 62.08%, and the average maturity of the product is 101.47%. Two kinds of products for the same product ...

European airlines Group wants to transfer some of its production capacity to Mexico

Paris, March 19 (Xinhua) France's parent company, the European Aerospace Defence and Aerospace Corporation (EADS), is planning to transfer part of its production capacity to Mexico, according to French media 19th. The report said that the European Airlines Group is studying the transfer of some production capacity to Mexico, the move is closer to the Mexican airlines and other local customers, but also conducive to easing the negative impact of the euro exchange rate. In June this year, the European Airlines Group will invite equipment suppliers to Mexico Guadalajara to prepare for the aerospace industry meeting to be held in October. In addition, its subsidiary of the European helicopter ...

The price of high speed high prices Russia cross-border sellers affected

Absrtact: January 5 News, due to the exchange rate adjustment, the Russian special line fast selling on-line delivery channel speed excellent PO-itella freight prices have a certain increase. The price of high speed from 10:00 today adjusted for 55.3189 yuan per kg plus registration fee of 11.0339 yuan per piece, price adjustment before the January 5 news, as a result of exchange rate adjustments, the Russian special-line fast-selling channel on the delivery of high-speed PO-itella freight prices have a certain increase. The price of the fast Po is adjusted from 10:00 today to 55.3189 yuan per kg plus registration fee 1 ...

Hang Seng 20 17,810 29.6 billion yuan

U.S. stocks individual development, Hang Seng index morning opening 9 points, as a result of the delay, the index fell by 117 points to 17,670 points at a time, followed by a return to stability on the mainland stock market, with a half-day exchange rate of 17,810, 20 or 0.11%, the state-owned enterprise index rose 49 or 0.47%, and  The big city half time deals 29.6 billion yuan, the period refers noon to report 17,774, rises 11 point, with the spot low water 37 points, the transaction 30,791 Zhang. 0005-HK (Credit Suisse) won the big city rating, repeatedly rose 0.08%, Hang Seng (0 ...).

Increasing pressure on Hong Kong's linked Exchange system

Although the HKMA has repeatedly stated that it will stick to the pegged exchange rate system.  But expectations of a stronger renminbi are now strong and investors are buying up Hong Kong dollar calls, and expectations that policymakers will be forced to abandon the peg have soared. At present, the implied exchange volatility in one-year period is 0.63%, while the peak of November 20 last year was 1.43% and the average for the past ten years was 1.3%.  Last year, the Hong Kong Monetary Authority was forced to sell more than HK $480 billion to prevent its currency from appreciating. Feng Xiaozhong, general manager of Hang Seng Bank and head of finance and investment, said that with the RMB ...

Bernanke helicopters spilled money hangover

New York, Shanghai, May 25, Monday, the dollar continued its weakness last week, continues to fall, the euro against the dollar again rose to 1.401, reached the highest point in nearly 5 months. Since Monday (May 18), this has been the euro's sixth trading day's unilateral rally, the exchange rate has soared from 1.3494 to the present.  Meanwhile, the pound rose from 1.53 to 1.57 last week.  In the past week, Wall Street foreign exchange traders have experienced a short-lived "dollar Crisis". "The sentiment of the empty dollar dominates the market, some of Wall Street ...

U S president of Chicago Fed to visit China to avoid currency policy or change

Charles Evans, president and chief executive of the Federal Reserve Bank of Chicago, yesterday avoided the renminbi's exchange rate in Beijing on the grounds that the Fed should not be involved in the exchange rate issue at the policy level.  But at the same time he expressed concern that the U.S. economic recovery has yet to find a suitable engine, so the United States should maintain the existing moderate monetary policy.  The US economy grew at an annualised rate of 5.9% per cent in the four quarter last year, giving strong support to the global economic recovery, but numerous analyses suggest that the current recovery is almost entirely dominated by inventory investment. The U.S. domestic inventory cycle is around two ...

The price of Bitcoin plunged 54%, the worst investment in 2014.

As matt,phillips in Quartz's column, it is arguably the "worst" investment in 2014 compared to other investments, with a 52% decline in the dollar's exchange rate. Professional investor Paul,kedrofsky said the decline was not the worst, and the scariest news was that speculative speculators poured into investments to buy Bitcoin. Kedrofsky said that after 2014 years of very strong fluctuations, such drastic changes will be less and more, the overall price swap will tend to stabilize. e.g.

Vice Minister of commerce visits US exchange rate to avoid phone-in

Nanfang Daily News (Beijing reporter/Lu Tianling intern/Shukin) The recent trade frictions between China and the United States, the U.S. Congress is more aggressive posture, trying to oppress the renminbi appreciation. As the Sino-US trade war is on the horizon, March 24, vice Minister of Commerce, Zhongshan, a group to the United States for a three-day visit.  The analysis points out that this will be a new round of trade diplomacy initiated by China and the beginning of a new round of negotiations between the U.S. and China on economic and trade issues. The reporter learned that the delegation led by Mr. Zhong will be with the U.S. Department of Commerce, the Office of Trade Negotiators, the International Trade Commission, the State Council ...

Statistics show global currency reserves of $7.7 trillion trillion last year

The global reserve was 7.7 trillion trillion dollars last year, with $60% trillion and € 26.5%, according to statistics published in the "exchange rate and international reserve and Currency System Symposium" held in Abu Dhabi, the capital of the United Arab Emirates, February 24 (Yasukuni). The joint report of the United Arab Emirates reported today that the "Seminar on exchange rates and international reserve and currency System", sponsored by the Arab Monetary Fund and the German Central Bank, was held in Abu Dhabi 23rd in the United Arab Emirates capital, and statistics released by the two-day meeting revealed last year that the global reserve was 7.7.

Japan's local hand-play home ecology: Hand Tour users per capita monthly pay 113.6 yuan

Japanese media released a Japanese regional hand to play the ecology of the data, the data show that by September last year, the number of local hand tour users in Japan, about 21.97 million people, free games, the user rate of 30%, the average monthly payment of 2161 yen (about 113.6 yuan). The report came from Seganetwork's game Style Institute, which surveyed 3,000 15~49岁 smartphone users in the Japanese region. (The exchange rate is based on January 21, 2015 11 o'clock, 100 yen = 5.2727 RMB) ...

RMB Global Impact Survey: 80% Americans identify by guessing

Global Times in the United States correspondent Hoyan China's economic development in the United States has been the daily media and ordinary people to discuss the hot topic, the RMB exchange rate issue is one of the hot topics.  The answer may be startling to the extent to which Americans perceive China's renminbi and how deeply they perceive it. If the renminbi is taken out of the street to ask what the currency is, 85% of the people will recognise the renminbi. But most people who recognize the renminbi are because they see Mao Zedong's head, if there is no Mao Zedong's head, many people still do not recognize. When presenting RMB above ...

The total amount of personal purchases outside the expo period is $50,000

State Administration of foreign exchange 29th issued a notice, during the Shanghai World Expo (May 1, 2010 to October 31), the total amount of foreign exchange to the management policy, the total purchase amount of the equivalent of 50,000 U.S. dollars. Foreign personal purchase of the cumulative equivalent of 50,000 U.S. dollars (including 50,000 U.S. dollars) within, with my valid ID card in the bank. If the overseas personal purchase of foreign exchange is more than $50,000, the legal RMB income obtained in the current project within the Territory shall be transacted by means of a valid identity document and relevant proof material of the transaction value. The original exchange has not used up the RMB exchange rate with my valid ID ...

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