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
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: 9cao在线精品免费 | 欧美一级性视频 | 色欧美在线 | 欧美videos另类齐全 | 亚洲欧美日韩综合在线一区二区三区 | 亚洲国产欧美精品一区二区三区 | 国产成人精品久久一区二区三区 | 亚洲一级毛片免费在线观看 | 欧美在线播放视频 | 成人国产三级在线播放 | 91国高清视频 | 国产男女免费视频 | 美国三级在线 | 毛片免费观看的视频 | 久久久久久久99精品免费 | 国产4tube在线播放 | 曰本女人色黄网站 | 亚洲免费国产 | 国产精品一区久久 | 国产成人亚洲综合 | 偷拍亚洲欧美 | 午夜一级做a爰片久久毛片 午夜伊人网 | 久久99国产亚洲高清观看首页 | 亚洲一区二区影视 | 韩国免费网站成人 | 欧美高清不卡 | 国产素人在线观看 | 亚洲成人在线播放 | 韩国v欧美v亚洲v日本v | 九九99久麻豆精品视传媒 | 亚洲欧美日韩中文字幕在线一区 | 免费一级特黄 欧美大片 | 免费一级 一片一毛片 | 亚洲男人第一天堂 | 欧美午夜免费一级毛片 | 91理论片午午伦夜理片久久 | 久草免费在线观看视频 | 久久久久久久久免费影院 | 亚洲三级在线视频 | 一级伦理电线在2019 | 精品国产免费观看一区 |