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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Yuan weakens against USD, with limited room for further depreciation

Xinhua | Updated: 2016-10-27 17:15

BEIJING - China's yuan on Thursday returned to losing territory despite a mild gain on the previous trading day, but further depreciation is expected to be limited.

The central parity rate of the Chinese currency, the renminbi or the yuan, weakened 31 basis points to 6.7736 against the US dollar Thursday, according to the China Foreign Exchange Trading System.

Although still slipping, the change narrowed from previous sharp falls. The rate had broken its six-year low for three consecutive days since last Friday, with daily weakening up to 247 basis points.

Room for further depreciation will be limited as China's economic fundamentals remain stable and the dollar's upward momentum is waning, the Financial News said on Thursday.

"The confidence in the yuan stems from economic fundamentals, monetary policies and the stable yuan's domestic value," Xie Yaxuan, an economist with China Merchants Securities, was quoted by the newspaper as saying.

Cross-border capital outflows have been slowing and banks' foreign exchange sales/purchase deficit has been falling since the start of October.

Investors have actually stayed relatively calm in the face of the yuan's weakness due to a more transparent and market-oriented yuan exchange rate formation mechanism and emerging signs of a stabilizing economy.

Yi Gang, deputy governor of the People's Bank of China, the central bank, said earlier this week that there is no basis for persistent depreciation as China's 6.5- to 7-percent growth will help the currency remain at a reasonable level.

"The yuan has stayed stable against a basket of currencies and is less volatile than most reserve currencies and emerging market currencies," he said.

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.

Most Viewed in 24 Hours
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: 手机在线观看亚洲国产精品 | 亚洲精品资源网在线观看 | 亚洲精品国产成人专区 | 欧美性性性性性色大片免费的 | 国产一区视频在线 | 久久久久欧美精品 | 国产毛片一级国语版 | 亚洲午夜大片 | 99久久精品自在自看国产 | 全部免费的毛片视频观看 | 手机看片福利在线 | 伊人色综合久久天天人手人停 | 成人高清在线观看 | 亚洲成人免费网址 | 日本视频在线观看不卡高清免费 | a一级特黄日本大片 s色 | 99久久精品一区二区三区 | 国产日韩精品一区二区 | 国产三级a三级三级天天 | 久久91亚洲精品久久91综合 | 一级做a爰 | 日韩成人毛片高清视频免费看 | 亚洲综合久久久久久888 | 亚洲欧美另类自拍第一页 | 欧美黄色一级视屏 | 国产在线精品一区二区三区不卡 | 99久热在线精品视频播 | 99久久精品国产片久人 | 午夜性爽快免费视频播放 | 国产成人综合亚洲亚洲欧美 | 中国农村一级毛片 | 国产高清一区二区三区视频 | 韩日一级毛片 | 亚洲系列 | 成年人在线免费网站 | 国产网站在线 | 亚洲第一页在线 | 久久综合久久久 | 日韩美女网站 | 日本乱理伦中文三区 | 一区二区三区欧美 |