RMB Against The US Dollar Hit A New Low In The Middle Price

< p > < strong > a href= < //www.sjfzxm.com/news/index_cj.asp > spot exchange rate < /a > decrease significantly > /strong > /p >

In the late February, the spot exchange rate of the renminbi continued to decline. Compared with the fixed price of 6.0485 on the first trading day of this year, the spot rate of RMB has dropped by 794 points and depreciated more than 1.3%.

The central parity of RMB against the US dollar has dropped 397 points since the 14 daily newspaper closed 6.0930 in January.

Compared with 6.0990 of the first trading day of this year, the central parity of RMB against the US dollar has depreciated to nearly 0.53%.

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< p > yesterday, Qian Jing wealth researcher told reporters that the reason for the slight depreciation of the RMB was slightly different from that at the end of 2.

"At the end of 2, the market generally believed that the depreciation of the renminbi came from the intervention of the central bank, and this devaluation is mainly influenced by macroeconomic data and the trend of the US dollar."

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Last Friday, the US Labor Department announced that in February non farm employment increased by 175 thousand, much better than expected.

In February, employment growth accelerated sharply, making it more resolute for the Federal Reserve to reduce its QE.

Affected by this news, the US dollar rose slightly.

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< p > < strong > a < href= > //www.sjfzxm.com/news/index_cj.asp > > depreciation > /a > possibility is small > /strong > /p >.

< p > Qian Jing wealth research fellow also said that the prime minister's government work report this year pointed out that the GDP growth is expected to be around 7.5% next year. Maintaining a stable macroeconomic means that the possibility of a sustained and significant depreciation of the RMB is unlikely.

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< p > Liu Yuhui, chief economist of GF Securities, believes that in the long run, the renminbi is still mainly appreciated.

"No one will like a currency that continues to depreciate without international purchasing power.

But in view of the important variable of trade balance, the appreciation rate of RMB may be narrowed. "

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Zhou Xiaochuan, at the press conference of the two session of the twelve National People's Congress held yesterday, said that the RMB exchange rate is a very complex issue. Compared with short-term fluctuations, the central bank is more concerned about the medium-term trend of the RMB exchange rate. P

He said that the different judgments on the trade situation were the reasons leading to the differentiation of the market's anticipation of the RMB exchange rate trend.

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< p > the State Administration of foreign exchange has said to the media in the light of the recent RMB fluctuations. With the deepening of the reform of the RMB exchange rate formation mechanism and the decisive role of the market, the two-way fluctuation of the RMB exchange rate will become the norm, and the market participants should take the initiative to adapt and be positive.

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< p > < strong > exchange 10 thousand < a href= "//www.sjfzxm.com/news/index_cj.asp" > US dollar < /a > 358 yuan > /strong > /p >

Yesterday, P, an international student consultant at the University of America, told reporters that taking Harvard University as an example, the tuition fee plus incidental expenses and incidental expenses for undergraduate students in the United States is 45456 dollars a year.

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< p > in March 11th, the central parity of RMB against the US dollar, the exchange rate of US $10000 needs 61327 yuan, and in December 31st last year, the exchange of US $ten thousand was only 60969 yuan, which was 358 yuan less than the former.

Therefore, if admitted to Harvard University to study undergraduate course, in just two months, the RMB needed to pay tuition fees will be close to 1500 yuan.

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< p > there are also people who intend to travel abroad.

Before that, many people like to travel abroad for credit card shopping. Because of the appreciation of the renminbi at that time, the deferred repayment could still reduce the amount of money.

"If the renminbi remains devalued in the future, it may consider converting cash before going abroad."

Ms. Yang, a member of the company who plans to travel abroad, told reporters yesterday.

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