www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 亚洲乱码国产一区网址 | 国产免费人成在线看视频 | 99爱视频精品免视看 | 久久成人国产 | 国产观看在线 | 久久视频这里只精品3国产 久久视频这里只有精品 | 精品久久久久久久久久久 | 国产精品免费一区二区三区四区 | 免费高清不卡毛片在线看 | 亚久久伊人精品青青草原2020 | 亚洲一区二区三区精品影院 | 一级欧美在线的视频 | 中文国产成人精品久久水 | 中文字字幕码一二区 | 日韩精品视频在线 | 美女动作一级毛片 | xxxxx亚洲| 深夜福利视频大全在线观看 | 亚洲欧美日韩三级 | 毛片免费的 | 特级aa毛片在线播放 | 亚洲图片偷拍自拍 | 国产精品九九九久久九九 | 一级毛片在线不卡直接观看 | 91看片淫黄大片.在线天堂 | 毛片网站免费在线观看 | 亚洲人欧洲日韩 | 在线播放波多野结衣 | a一级| 美女日韩在线观看视频 | 成人www| 色综合在 | 成人免费xxx色视频 成人免费大片a毛片 | 日韩美女视频一区 | 成人国产在线视频 | 伊人资源 | 欧美一区二区aa大片 | 五月激情丁香婷婷综合第九 | 成人合集大片bd高清在线观看 | 久草不卡视频 | 欧美一级二级片 |