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

China's yuan further weakens, sharp depreciation unlikely

(Xinhua) Updated: 2016-07-19 17:07

China's yuan further weakens, sharp depreciation unlikely

A Chinese clerk counts RMB (renminbi) yuan banknotes at a bank in Huaibei city, East China's Anhui province,?Dec 1, 2015. [Photo / IC]

BEIJING -- The Chinese currency renminbi, or the yuan, continued to weaken on Tuesday but analysts said more sharp depreciation is unlikely.

The central parity rate of the yuan weakened 10 basis points to 6.6971 against the US dollar, the weakest level in five and half years, according to the China Foreign Exchange Trading System.

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.

Han Huishi, a veteran foreign exchange analyst, said the low was expected, and how much further the yuan would slip is closely linked to the US dollar index. If the index closes lower than 96.4 on Tuesday, the central parity rate of the yuan will much probably dip below 6.69, he said.

The index climbed above 96.7 in the wake of a military coup in Turkey, which sent the British pound and the euro into steep decline.

The focus for possible central bank regulation would be controlling the clip of depreciation rather than "inducing a weaker yuan" in a bid to shore up confidence in the market, Han said.

The priority of watchdogs is to prevent disarray based on market anticipation of depreciation, which would lead to a surge in foreign exchange purchases, he said.

China, with a GDP growth of 6.7 percent in the second quarter of 2016, is expected to meet its annual growth target, which would ease downward pressure on the yuan, according to FXTM, a currency trader.

The "depreciation trend" in the yuan's value is not going to get out of hand, said Hu Yuexiao, chief economist of Shanghai Securities, adding that the internationalization of the yuan would rule out a plunge in its value.

The exchange rate of the yuan against the US dollar is likely to hover around 6.7 in the next one to three months, Hu predicted.

China's foreign exchange reserves increased by $13.43 billion in June from the previous month to $3.21 trillion, central bank data showed on July 7.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美一级日韩 | 精品国产乱码久久久久久108 | 中文字幕97| 久久爱成人| 日韩视频在线观看免费 | 日韩激情网站 | 亚洲成人影院在线观看 | 国产成人综合自拍 | 神马影院一区二区 | 日韩在线精品强乱中文字幕 | 91精品网| 亚洲激情视频在线观看 | 精品欧美久久 | 看成人片| 亚洲激情四射 | 日韩在线免费视频 | 美国av一区二区 | 337p粉嫩大胆色噜噜噜 | 成人免费视频国产 | 亚洲成a人片在线 | 超碰黑人 | jizzporn| a级片在线观看视频 | 日本国产高清 | 国产自偷| 天天草天天 | 正在播放国产精品 | 欧美顶级毛片在线播放 | 丁香六月激情综合 | 精品久久网站 | 欧洲精品一区二区 | 国产一区导航 | 粗大黑人巨茎大战欧美成人免费看 | 久久久久久久久国产精品 | 日韩欧美一级 | 97成人在线观看 | 国产成人精品一区二三区 | 金瓶风月在线 | а√天堂8资源中文在线 | 亚洲成人一区二区三区 | 天天综合天天综合 |