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RMB Will Continue To Create A High &Nbsp; Foreign Trade Shoe Enterprises Will Be Short And Avoid Losses.

2010/11/12 11:51:00 32

"In the future, the central parity of RMB against the US dollar is likely to rise," experts said. Because many people predict that the central bank may continue to raise interest rates this year, the central parity of the RMB against the US dollar may continue to rise under the premise that the rate hike is expected to be strengthened.

yesterday

RMB versus US dollar

The median price was 6.6242, up 208 basis points from the previous day, not only hitting a new high since 2005, but also the biggest daily gain since the reform.

At the end of September, the yuan broke 6.7 against the US dollar. After more than a month, the central parity of RMB against the US dollar has approached the 6.62 pass.

Influenced by exchange rate fluctuations, a number of foreign trade enterprises in Sichuan have indicated that this year's rising RMB exchange rate has made the profits of the enterprises thin. Therefore, they have to take short form and sign contracts with fixed exchange rate to make less losses.

RMB will continue to record high

"The central parity of the RMB against the US dollar has risen sharply and the interest rate increase is expected," said Qi Wei, director of the wealth division of Chengdu branch of 14.76,0.16,1.10%. The data released by CPI show that China's economy is facing great inflationary pressures, and the measures taken by the central bank to regulate deposits in the former days have also proved its worries about inflation.

This leads to market expectations of central bank raising interest rates.

The central parity of RMB against the US dollar has been strengthened.

In addition, Qi Wei believes that the recent trend of the US dollar index also has some influence on the renminbi. "Because the fluctuation of the US dollar index will also cause the fluctuation of the RMB to the US dollar intermediate price, which is actually related."

Qi Wei said, but the recent dollar index is not the fundamental cause of the RMB exchange rate.

"In the future, the central parity of RMB against the US dollar is likely to rise," Qi Wei said. Because many people predict that the central bank may continue to raise interest rates this year, the central parity of the RMB against the US dollar may continue to rise under the premise that the rate hike is expected to be strengthened.

In addition, some analysts believe that before the end of the G20 summit, the renminbi may still maintain a trend of appreciation, which may not be large, but it does not exclude that it will continue to hit a new high.

However, with the recent rebound in the US dollar, the RMB exchange rate may also be adjusted.

Foreign trade shoe enterprises

Cut short and avoid losses

RMB to us dollar intermediate price rises one day

208 basis points, let some

Sichuan foreign trade enterprises

The director is very headache. Chen Changguo, chairman of shoe industry in Chengdu, has been very helpless. He said that the profit of shoe enterprises will drop by one percentage point every time the appreciation of RMB has increased by one percentage point.

Recently, the renminbi has appreciated again and again, and the company has avoided taking the long list as far as possible.

"Now we basically take orders within 3 months," Chen Changguo said. Or, when signing a contract, we first determine the exchange rate of RMB against the US dollar in order to avoid more exchange losses.

Chen Changguo disclosed that now the company is talking with some clients, hoping to use RMB settlement.

Mr Wu Deguo, general manager of the company, said that the recent appreciation of the renminbi has also had an impact on the company. "Profits have thinned," said Mr Lee. However, because the company has always been single, it can only predict the central parity of the RMB against the US dollar, and then sign the contract with the foregoing confirmation to avoid some exchange losses.