男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Chinese yuan strengthens to new high against US dollar

Xinhua | Updated: 2018-02-01 16:27
Share
Share - WeChat

BEIJING - The central parity rate of the Chinese currency, the renminbi or the yuan, advanced to a new high against the US dollar Thursday on persistent weakening of the US dollar.

The Chinese yuan strengthened 294 basis points to 6.3045 against the US dollar Thursday, the strongest level since Aug 11, 2015, according to the China Foreign Exchange Trade System.

The first month of 2018 saw the yuan's onshore exchange rate strengthen by 3.38 percent against the US dollar, the biggest monthly gain since 1994.

The reading was also more than half of the 6.72 percent gain for all of 2017, the sharpest annual appreciation in nine years.

The dollar index, a gauge that measures the US currency's strength against six other major currencies, has declined over 5 percent since December last year.

The tapering of monetary accommodation at major central banks and the expectation of rate hikes abroad are behind the weak dollar, according to Shenwan Hongyuan Securities.

Sound economic fundamentals, improved corporate profits and increased global use of the currency also support the yuan's value, said Liang Hong, chief economist of the China International Capital Corporation (CICC).

China's economy expanded 6.9 percent last year, picking up for the first time in seven years and well above the government's annual target of around 6.5 percent.

The International Monetary Fund has raised its forecast for China's economic growth in 2018, expecting China's GDP growth to stand at 6.6 percent this year, up from the 6.5 percent prediction made last October.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 察哈| 武鸣县| 贵溪市| 阳泉市| 新晃| 灵石县| 安乡县| 新丰县| 靖远县| 增城市| 屯昌县| 冕宁县| 开远市| 麟游县| 安西县| 会东县| 桃江县| 原阳县| 昭苏县| 九台市| 方城县| 亳州市| 内乡县| 洱源县| 乌鲁木齐市| 桐乡市| 鄂托克旗| 灵武市| 兴安县| 萝北县| 华亭县| 乾安县| 久治县| 溆浦县| 抚顺县| 永登县| 永州市| 嘉善县| 九龙坡区| 兴国县| 和田县|