china fashion wholesale jewelry Is the renminbi depreciated? Now

italian wholesale jewelry companies In the first quarter of 2022, the exchange rate of the RMB to the US dollar rose, showing a certain risk aversion function under the outbreak of the Russian -Ukraine conflict. The RMB exchange rate appreciated to the high point during the year, approaching the 6.30 mark. However, since April 19, 2022, the RMB exchange rate has changed its previous strong pattern to rapid depreciation.

, in 2022, on June 30, the RMB against the US dollar at a time of 16.30 days at 6.6943. In the first half of the year, the exchange rate of the RMB against the US dollar reached 8%; in terms of middle price, in the first half of this year, the middle price of the RMB against the US dollar from 6.3757 at the end of last year to 6.7114 at the end of June, a cumulative decrease of 3357 basis points, with a depreciation of 5.2 %. In 2022, since April, especially the recent period of entering the international financial market in the recent period, the international financial market has a little weird meaning. The trend of the US dollar is reasonable and unreasonable. Recently, the renminbi has continued to depreciate. In fact, in my opinion, the reason is very simple, that is, the Federal Reserve raises interest rates, and the Fed will continue to raise interest rates. Following the Fed's tightening, continuing to provide sufficient liquidity support, and comprehensively lowered the deposit reserve ratio, the Sino -US monetary policy departs, which depreciated the RMB exchange rate against the US dollar.

wedding jewelry wholesale As of today, the exchange rate of the RMB and the US dollar is still depreciating. The US dollar is changed to 7.8386 RMB. Compared with yesterday, the degree of depreciation has increased