日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

Switzerland's surprise move weakens yuan

(Agencies) Updated: 2015-01-17 10:19

US currency demand increases after euro cap abandoned

China's yuan fell the most in four weeks as the Swiss National Bank's surprise move to abandon a cap to the euro boosted demand for the greenback.

The Swiss franc jumped as much as 41 percent on Thursday in London after the central bank scrapped a three-year-old policy of preventing the currency from strengthening beyond the 1.20 level against the European single currency.

China's exports rose 9.7 percent in December from a year earlier, beating the 6 percent growth predicted in a Bloomberg survey, according to official data released on Tuesday. Imports fell 2.4 percent, leaving a trade surplus of $49.61 billion.

The yuan weakened 0.3 percent, the most since Dec 18, to close at 6.2066 a dollar in Shanghai, China Foreign Exchange Trade System prices show. It gained 0.03 percent this week.

"Market sentiment has definitely worsened in the short term and some investors are probably unwinding their positions to free up liquidity to get dollars," said Ho Man Chun, Hong Kong-based strategist at Bank of Communications Co's branch in the city. "This unwinding has nothing to do with China's fundamentals."

The People's Bank of China raised the yuan's reference rate by 0.01 percent on Friday to 6.1188 a dollar, capping a 0.18 percent advance for the week. The onshore spot price traded 1.4 percent weaker than the fixing, within the 2 percent limit of its permitted trading range.

In offshore trading in Hong Kong, the yuan slipped 0.39 percent on Friday and 0.28 percent for the week to 6.2231, data compiled by Bloomberg show. Twelve-month non-deliverable forwards fell 0.47 percent, the most since Dec 18, to 6.3265, 1.9 percent lower than the spot rate in Shanghai.

The pressure for the yuan to depreciate will increase as the SNB's removal of the franc cap implies an increasing possibility the European Central Bank will conduct quantitative easing, said Everbright Securities Beijing-based economist Xu Gao. Speculation over a weaker euro will lead to a stronger dollar, Xu said.

Casualties mounted from the Swiss currency shock as the largest US retail foreign-exchange brokerage said client losses threatened its compliance with capital rules. FXCM Inc, which handled a record $1.4 trillion of trades by individuals last quarter, said clients owe $225 million on their accounts after SNB's decision roiled global markets.

China's foreign-exchange reserves fell to $3.84 trillion at the end of December, from $3.88 trillion in September, according to official figures released Thursday.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 性感av在线| 欧美成人激情在线 | 狠狠干在线视频 | 中文在线资源天堂 | 亚洲国产成人在线观看 | 日本欧美久久久久免费播放网 | 伊人啪啪 | 男女av免费| 激情婷婷丁香 | 日韩有码在线播放 | 日韩爱爱 | 99精品免费| 日韩精品在线免费观看 | 免费av网站观看 | 中文字幕国产专区 | 中文av片| 欧美福利视频在线观看 | 五月婷久久 | 亚洲天堂一区在线观看 | av激情网| 欧美网站在线 | 伊人超碰| 国产精品手机在线观看 | 97国产| 一级黄色免费网站 | 欧美一级做性受免费大片免费 | 91亚洲国产成人精品一区二区三 | 色哺乳xxxxhd奶水米仓惠香 | 午夜久久影院 | 亚洲天堂三级 | 色图av | 黄色一级片一级片 | 久久精品夜 | www.黄色在线观看 | 日韩成人区 | 伊人色综合网 | 97国产超碰| 黄网在线观看视频 | 一级黄色在线观看 | 国产探花系列 | 国产日韩免费视频 |