Welcome to visit Anhui Haoyuan Chemical Group Co., Ltd.

News center

Trade news

Home > News center > Trade news

RMB against the U.S. dollar fell sharply favor the export of chemical fertilizers
Source:China Fertilizer Net   Author:Cladrastis   Time:2010-09-02   Read:1267second  

        From the China Foreign Exchange Trade Center's latest figures show yesterday reported that the yuan central parity of 6.8105 against the dollar, compared with the previous trading day dropped 80 basis points. So far, almost taking since June 19 the Chinese government promised to increase the flexibility of RMB exchange rate occurs after all the gains. The previous trading day, the central parity of RMB against the U.S. dollar reported 6.8025; June 21, the central parity of RMB against the U.S. dollar reported 6.8275 yuan.

        
The U.S. July personal income growth rate was slightly lower than expected, but personal spending was slightly higher, mixed. Canada also announced in July the poor performance of the producer price index, have led to high-yielding currencies fell, led by hedge U.S. dollar currency generally higher.

        
Tuesday Asian currencies, the yen against the dollar last Wednesday following the impact of 15-year high again. Prior to the Bank of Japan did not stop investors loose initiative sought after appreciation of the yen, investors prepared to test the intervention of Japanese authorities to resolve. The market's increasing concerns the U.S. economy, investors continue to avoid high-yielding currencies such as risk assets, which could further push up the yen. From the current situation, take advantage of the dollar and the yen obviously, other currencies are generally under pressure.

        
According to industry analysis, Tokyo midday Tuesday the euro fell slightly to 1.2630, the euro this week, heavy, after the euro at 1.2790 disruption is expected to continue to decline, below the strong support at 1.2490. Sharply lower dollar to 84.10 yen Tuesday near the low one step away from the past 15 years. Apparent in the strong yen, the market outlook, price target at 83.50.

        
According to the China Fertilizer Information Centre for expert analysis, two-way floating RMB exchange rate basically give up the substantial appreciation of RMB person's concerns, the impact of the fertilizer industry, mainly in two aspects: one is conducive to the window of the export of chemical fertilizers; the second is to sulfur and potassium increased the import cost. (Hong Huai)

CONTACT US

Anhui Province, Fuyang City, Fukang Road No. 1

0558-2368015 2368080

haoyuanweb@163.com

皖公网安备 34120002001531号

Message:
Name:
Telephone:
mailbox:
Technology supporter: Haoyuan Group Information Center
Technology supporter: Haoyuan Group Information Center
T
O
P