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

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Top Stories

Yuan jumps as China's stabilization moves set in

By Paul Welitzkin in New York | China Daily USA | Updated: 2017-01-06 11:35

The yuan's surge against the dollar is the result of a strategy to ward off speculators and control the flow of capital leaving the mainland, analysts said.

On Thursday, offshore trading in the yuan soared 1.2 percent in Hong Kong to 6.7869 against the dollar, its highest since early November. China's currency has strengthened 2.5 percent over the past two sessions, putting the currency on pace for the biggest two-day rise since its inception in 2010 and its largest-ever two-day gain against the dollar,

David Dollar of the Brookings Institution in Washington said China's central bank, the People's Bank of China (PBOC), has shown its intention to keep the currency relatively stable with respect to a basket of currencies.

"The brief surge in the yuan-dollar rate at the beginning of the year was to deter speculators from betting against the currency," Dollar wrote in an email.

The PBOC wants to make it harder for investors to profit by betting that the yuan will continue to fall against the dollar due to the slowdown in growth in China and expectations that the Federal Reserve, the US central bank, will have to raise interest rates aggressively this year.

Brendan Ahern, chief investment officer at Krane Shares, a US-based provider of China-focused exchange-traded funds, said minutes from a key Fed committee released this week indicated the pace of US interest rates hikes in 2017 might not be as extensive as the bond market had anticipated.

"The expectation for higher yields in the United States had driven the US dollar versus the yuan and currencies globally. The US dollar is reversing those gains versus the yuan and other currencies based on this new information.

"The president-elect (Donald Trump) wants to enact pro-growth policies to stimulate the US economy," Ahern continued in an email. "If the Federal Reserve were to raise rates it would run counter to those policies while strengthening the dollar further, which would hurt US multi-national companies."

Ahern noted that the yuan's move was also driven by efforts to make it harder to move money out of China.

"(The) PBOC is limiting how money can leave the country in an effort to prevent (the yuan) from depreciating versus the dollar. China is pulling out all the stops to keep the currency from falling and increased scrutiny of outflows has been one measure in the news of late," he said in a research note.

At the beginning of the year regulators left the individual annual foreign exchange purchase quota of $50,000 unchanged. Banks must now report any overseas transfers by individuals of $10,000 or more and starting in July, banks and other financial institutions in China will have to report all domestic and overseas cash transactions of more than 50,000 yuan ($7,201), compared with the current amount of 200,000 yuan.

Editor's picks
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: 国产精品麻豆视频 | 日本在线观看中文字幕 | 精品国产18久久久久久 | 午夜精品福利一区二区 | 国产精品永久免费视频 | 日韩成人精品 | 国产精品久久久久久久免费看 | 网曝门在线 | 成人在线网 | 伊人激情综合网 | 国产精品女同一区二区 | 色导航在线 | 日本少妇aaa | 在线观看黄av | 成人在线观 | 亚洲图片二区 | 午夜剧场成人 | 国产99精品 | 日本黄网站色大片免费观看 | 成人福利视频导航 | 综合网伊人| 国产69久久| 国产午夜影院 | 中字av在线 | 精品久久久久久久久久久久久 | 日本黄xxxxxxxxx100| 天堂中文字幕在线 | 午夜影院黄色 | 黄色网址| 欧美日韩中文字幕在线视频 | 亚洲天堂中文 | 久久中文字幕视频 | 这里只有精品国产 | 婷婷综合av | 午夜精品福利在线观看 | 正在播放久久 | 婷婷六月丁 | 1000部啪啪未满十八勿入超污 | 狠狠操中文字幕 | 色悠久久久 | 免费在线中文字幕 |