国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語(yǔ)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
三原县| 广汉市| 陕西省| 莎车县| 山丹县| 衡阳市| 遂昌县| 和平区| 自贡市| 宁波市| 耿马| 九龙县| 灵山县| 泗阳县| 金平| 通城县| 呼伦贝尔市| 响水县| 家居| 周口市| 时尚| 石门县| 阜新| 长汀县| 泾阳县| 朝阳市| 凤庆县| 松江区| 祁东县| 麦盖提县| 闽侯县| 雷山县| 行唐县| 郑州市| 正安县| 承德县| 新建县| 紫金县| 聂拉木县| 搜索| 莱州市|