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

Money

Yuan recovers against dollar in offshore forwards

By Karen Yeung and Chen Yixin (China Daily)
Updated: 2010-05-11 10:19
Large Medium Small

SHANGHAI - The yuan rebounded strongly against the dollar in the offshore forwards markets on Monday after the European Union and the IMF agreed on a $1 trillion emergency rescue plan to protect indebted eurozone countries.

The deal sparked a 1 percent drop in the dollar index against a basket of currencies while the euro rallied.

In addition, China announced a $1.7 billion trade surplus for April, defying expectations for its second consecutive monthly deficit.

But traders said that may not be enough to ease China's recently heightened caution over depegging the yuan from the dollar, after Europe's debt crisis fuelled worries about the export outlook and the potential for stepped-up capital inflows.

"China may still want to monitor such a complicated problem," said a trader at a European bank in Shanghai.

One-year dollar/yuan NDFs fell to 6.675, pricing in 2.28 percent appreciation of the yuan within a year, compared with 6.711 at Friday's close, or a 1.73 percent gain, and 6.77 at Friday's high, for a rise of only 0.84 percent.

The yuan retained its long-standing steady tone in the spot market, trading at 6.826 per dollar at midday, little changed from Friday's close of 6.8257, after the Chinese central bank fixed the yuan's daily mid-point, or reference rate, at 6.8269 per dollar on Monday, marginally firmer than the previous session's 6.8271.

The United States and China are due to hold another round of Strategic and Economic Dialogue in Beijing on May 24-25 and a US treasury report on currency practices of trading partners, which was delayed from April 15, is still expected in June.

Related readings:
Yuan recovers against dollar in offshore forwards Trade surplus plunges, easing pressure on yuan
Yuan recovers against dollar in offshore forwards PBOC to sell 14b yuan bills
Yuan recovers against dollar in offshore forwards Inflated yuan a far-reaching fix
Yuan recovers against dollar in offshore forwards Yuan forwards fall as Europe's woes worsen

Traders believe China may prefer widening the yuan's daily trading band as a gesture to the United States while moving more cautiously on depegging the yuan from the dollar.

The People's Bank of China now lets the yuan rise or fall up to 0.5 percent each day against the dollar from a midpoint it sets each morning.

One-year onshore dollar/yuan forwards dropped to 6.7088 from Friday's close of 6.7322, although their premium over the offshore forwards widened to 338 pips from 212 pips on Friday.

The spread had briefly inverted in Friday trade for the first time in more than one year, during the crisis that followed the Lehman Brothers bankruptcy.

Reuters

 

主站蜘蛛池模板: 国产午夜一区二区 | 快点使劲对白露脸叫床 | 日韩欧美久久久 | 日韩免费中文字幕 | 亚洲黄色a级片 | 欧美日韩在线视频免费播放 | 国产午夜三级一区二区三 | 欧美国产中文字幕 | 日本久热| 这里只有精品视频 | 日韩毛片在线免费观看 | 一级二级三级在线观看 | 亚洲精品福利视频 | 九一精品视频 | 欧美国产一区二区 | 99在线免费观看视频 | 亚洲三级a | 综合五月婷婷 | av网址在线| 男人的午夜天堂 | 国产精品美女一区 | 一区二区三区在线观看视频 | 国产精品久久久久久久久久久久久久 | 久久伊人操 | 国产无遮挡又黄又爽在线观看 | 欧美性生交大片免费看 | 青青草影视 | 黄色大片在线播放 | 欧美激情亚洲色图 | 日韩av动漫 | 成人a级片 | 四虎影院国产精品 | 亚洲精品网址 | 欧美大片黄 | 成人中文字幕在线观看 | 青青青草视频 | 激情久久五月天 | 91伊人| 国产成人在线免费观看视频 | 狠狠五月 | 欧美人与性动交a欧美精品 天天干天天天天 |