日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Three-day rally pushes RMB to 7-month-high

chinadaily.com.cn | Updated: 2017-06-02 15:15

Three-day rally pushes RMB to 7-month-high

An employee at a bank counter in Nantong, Jiangsu province, counts renminbi and dollars. [Photo/China Daily]

The central parity rate of the renminbi has continued to rally, hitting a seven-month high on Friday, up 0.03 percent to 6.807 against the greenback.

The rise comes after the onshore yuan reached a peak of 6.78 against the US dollar on Thursday and offshore yuan reached its highest level since October at 6.72 per dollar.

Investment bank UBS raised its year-end forecast for the renminbi exchange rate from 7.15 to no more than 7, while projecting a mild slump of the currency back to no more than 7.1 by 2018.

The lowered risk of China-US trade friction has contributed to the renminbi's rally, UBS economist Wang Tao said, adding that the foreign exchange reserve will "likely remain above the $3 trillion mark this year".

The improvement also comes on the heels of a tweak to the formula used to calculate the renminbi central parity rate, announced last Friday by China Foreign Exchange Trade System. The new formula allows a dealer to incorporate a "counter cyclical factor" into the existing formula to hedge against fluctuation in market sentiment.

The move will "alleviate the potential for herd behavior in the forex market," according to a statement by the CFETS. Details remain unclear as to when and how the "counter cyclical factor" will be used.

Under China's market-based, managed floating exchange rate system, renminbi's daily trading band against the dollar has been widened to 2 percent around the central parity rate.

Tan?Xinyu?contributed to this story.

Most Viewed in 24 Hours
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
 
主站蜘蛛池模板: 我爱我色成人网 | 久久久亚洲伊人色综合网站 | 日本三级韩国三级香港三级a级 | 夜夜艹日日艹 | 狠狠五月 | 中文字幕精品一区 | 久久受www免费人成看片 | 国产福利视频在线 | 国产一级特黄aa大片爽爽 | 久草视频在线观 | 久久精品欧美一区二区三区不卡 | 亚洲精品久久婷婷丁香51 | 天天射日日操 | 精品一区二区三区视频 | 成人免费一区二区三区视频网站 | 2021精品国产综合久久 | 青草国产超碰人人添人人碱 | 日韩欧美精品综合久久 | 亚洲国产婷婷香蕉久久久久久99 | 亚洲免费福利 | 深夜福利影院 | 久久婷婷色香五月综合激情 | 国产孰妇精品AV片国产m3u8 | 日本高清在线观看视频www | 曰批全过程40分钟免费视频多人 | 国产一级免费视频 | 亚洲欧美日本人成在线观看 | 亚洲99影视一区二区三区 | 亚州 色毛片免费观看 | 精品视频免费在线 | 午夜网站入口 | 色婷婷狠狠 | 九九热在线观看 | 色接久久| 91久久国产露脸精品免费 | 久草在线成人 | 亚洲一区二区三区影院 | 国产在线精品一区 | 91视频在线| av在线第一页 | 欧美十区 |