Although the CPI year on year increase in April is still high, but little effect on yesterday's exchange rate. Central parity of RMB against the U.S. dollar yesterday reported 6.4948, a record for the third day a new high since the exchange reform, but the gains cheap oakley sunglasseshave been significant convergence. The yuan-dollar spot market also turned down the offer inquiry system, closing occurred 11 basis points decline.
Central parity of RMB against the U.S. dollar yesterday, continuing consolidation in the vicinity of 6.49 mark yesterday 1 U.S. dollar against Cheap Oakleys6.4948 yuan, slightly higher than the previous trading day only 2 basis points upward, upward momentum slightly less, setting a single 3 months at the minimum volatility.
China's Vice Finance Minister Zhu Guangyao the third round in 10 Sino-US strategic economic dialogue, said at a press conference after the closing, the two sides reached a "Sino-US economic strong, sustainable, balanced growth and a comprehensiveOakley Sunglasses cheap framework for economic cooperation ", the United States undertook to guard against excessive volatility in exchange rates, China is committed to continue to enhance the flexibility of RMB exchange rate.
Dollar continued to rebound in the face, the spot market yesterday, the yuan-dollar inquiry the system down slightly in early afternoon, finished lower, but still slightly closed 11 basis points at 6.4930. Although the United Oakley Sunglasses
States that fell slightly Tuesday, but still 75 points below yesterday's shock, the highest red to 74.67 points. At press time, the dollar index was at 74.56 points.
Both sides have pledged to achieve the balance in favor of RMB to maintain independence, gradual and controllable steady pace, is not affected by the external pressure.
CICC analysts oakley outlet
say the central bank may find the balance between the three policy objectives: first, the long-term appreciation trend of the RMB to the "equilibrium exchange rate" convergence, the second is more inclined to refer to a basket of the renminbi currency movements and the third is to prevent the yuan against the U.S. excessive volatility.
For the 5 months intensive small appreciation of RMB, cheap oakley sunglasses
Wensheng Peng believes that the recent macro-control targets from the "growth" to control inflation and balance of trade changes, international oil prices and high commodity prices caused by increased risk of imported inflation in the domestic inflationary pressure, which requires the exchange rate policy focus to rehabilitation trends and greater appreciation of the renminbi to a basket of currencies.
However, a cheap oakleys
significant appreciation of the RMB can not be a one-time, still the market consensus. Maturity of the RMB exchange rate formation mechanism, "according to national interests and economic development of the actual situation", while promoting the exchange reform, the exchange rate "small run" may be more prudent and flexible, Peng pointed out that only one oakley sunglasses outletsharp appreciation of the existing mechanism of disrupting the market confidence.