男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Yuan hits a record high level against US dollar

Updated: 2011-12-27 07:57

By Gao Changxin (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

SHANGHAI - The yuan hit a record high against the US dollar on Monday on the back of much stronger volatility this month.

The Chinese currency gained for a second straight day, reaching a record of 6.3287 in morning trading, after the central bank guided the currency stronger via its daily reference exchange rate, set 0.07 percent higher at 6.3167 per dollar.

The new high, analysts said, underscored the yuan's new, market-oriented pattern of movement against the dollar.

Previously, the yuan had appreciated almost unilaterally against the dollar, but the currency has recently become more volatile, posting two-way fluctuations.

This month, the yuan touched the bottom of the daily trading range of 0.5 percent on 12 out of the month's 18 trading days. The currency also posted a record one-day gain of 0.4 percent on Dec 16.

"Clearly, the yuan has become more volatile, and it is a good thing," said Wang Jianhui, chief economist with Southwest Securities Co Ltd.

"It's what the exchange rate should be under a real market-oriented exchange rate formation system, which the central government has vowed to build."

In a research note this month, Australia and New Zealand Banking Group Ltd said it expected the Chinese central bank to expand the yuan's daily fluctuation range against the dollar as early as January to make the exchange rate more market-based.

A market-oriented exchange rate, said Wang, is also a prerequisite for the internationalization of the yuan.

China has been gradually changing its foreign-exchange regime and opening up its capital accounts to enable the yuan to take its place alongside the dollar, euro and yen as a fully convertible reserve currency.

That effort moved forward on Monday, when China and Japan reached a package of currency agreements as Japanese Prime Minister Yoshihiko Noda ended his two-day visit to China.

The two nations agreed to promote direct trading of the yen and yuan without requiring an intermediate conversion into dollars. China is Japan's biggest trading partner with 26.5 trillion yen ($340 billion) in bilateral transactions last year. About 60 percent of all Japan-China trade is settled in dollars.

Japan will also start buying Chinese national debt and encouraging its companies to issue more yuan-denominated bonds offshore.

Many of the issues are likely to be in Hong Kong, where the market for yuan-denominated bonds, or dim sum bonds, flourished this year, following the country's push to internationalize its currency.

主站蜘蛛池模板: 嵊泗县| 马尔康县| 临朐县| 龙海市| 临高县| 虹口区| 荔浦县| 博湖县| 福泉市| 买车| 大悟县| 淮北市| 图们市| 成武县| 泌阳县| 家居| 锡林郭勒盟| 霍山县| 辽中县| 福鼎市| 龙海市| 新野县| 沽源县| 敦化市| 乐陵市| 浙江省| 全南县| 集安市| 定州市| 南投县| 鲁山县| 扎囊县| 浦城县| 射阳县| 平阴县| 班戈县| 如东县| 龙口市| 高密市| 个旧市| 神农架林区| 佛坪县| 西昌市| 邹平县| 长沙市| 五峰| 上蔡县| 嘉义市| 大悟县| 肇东市| 永顺县| 大厂| 贵德县| 吴堡县| 富平县| 柳江县| 黄石市| 中宁县| 阿鲁科尔沁旗| 岳西县| 手游| 鹤壁市| 吴堡县| 双江| 镇江市| 固镇县| 嵊泗县| 乳山市| 东安县| 虹口区| 罗甸县| 渑池县| 新余市| 镇赉县| 绥中县| 房产| 鲁山县| 务川| 穆棱市| 宁陵县| 陵水| 陵川县|