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2 thoughts on “sorority wholesale jewelry How to get out of the Sino -US trade war to stop the RMB exchange rate”
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how to price handmade jewelry for wholesale The exchange rate trend requires specific analysis. The combination of fundamental analysis and technical analysis can usually be adopted. For example, important data, important economic events, and political events published by a country may affect its exchange rate; at the same time, according to the technical analysis methods such as trends, charts, forms, indicators Auxiliary. However, the degree of response of different currencies to economic data and economic events is different.
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http http://www.jwholesale.com new-wholesale-jewelry update 05 04 2017 The China Foreign Exchange Trading Center (CFETS) announced on Monday that the CFETS RMB exchange rate index on Friday (May 18) rose 0.30%to 97.88 from the previous week, and it still fell 2.12%from the end of 2014. Last week, the RMB against the US dollar fell by 0.64%, while the US dollar index rose 1.19%, because investors bet on the United States to further raise interest rates to suppress inflation.
In the early morning of Sunday, Beijing time (May 20), according to Xinhua News Agency, China and the United States conducted constructive consultations on bilateral economic and trade in Washington and issued a joint statement: The biggest result of the Sino -US economic and trade consultation is The two sides reached a consensus, did not fight the trade war, and stopped imposing tariffs on each other.
According to the statement, China and the United States agree to reduce the trade deficit of the United States to China; China will increase the purchase of goods and services in the United States; increase US agricultural products and energy exports; attach importance to intellectual property insurance; encourage two -way investment and so on. For more than ten days from the US 301 investigation and sanctions, thanks to the consensus of the above -mentioned consensus, the Sino -US trade war that has troubled the global market for several months is ultimately avoided.
The RMB exchange rate has also recently depreciated. Since April 17, in the face of the US dollar, the RMB against the US dollar has fallen from nearly 6.27 to about 6.36, with a cumulative depreciation of less than 1.4%, but the range Far less than the US dollar index rose, and the RMB was still appreciating on a basket of currencies.
If's performance since the beginning of the year, the exchange rate of the RMB against the US dollar has even risen by 2.23%, and the price difference between the RMB exchange rate at home and abroad has been at a low level, and the market's expectations for the RMB exchange rate to maintain a stable state.
If the pressure of depreciation, how will the market be affected?
I assume that the direction of the Fed's monetary policy is unchanged, the US debt interest rate and the US dollar index will remain strong, and the renminbi may have depreciated pressure. Recently, the overall US economic data is still strong. The core unemployment indicator is at the bottom of 2000. Inflation is moving towards the target of 2%. The Fed is relatively optimistic about the economy. This year, there will be a probability of 2-3 hikes. The interest rate level of sex federal funds is around 2.5%. Assuming that the direction of the Fed's monetary policy will not change, the US debt interest rate will still rise. Under the premise of the turning of monetary policy from the central banks such as Europe and Japan, the difference between the direction of the United States and the global monetary policy will help The US dollar index will rise, and other emerging economies, including China, will be under pressure from the depreciation of the local currency.
The US dollar index last week continued the strong pattern. Although the RMB against the US dollar exchange rate was adjusted accordingly, the decline was limited, especially in the next half of the week, mainly revolving around the 6.37 -line narrow fluctuations.
The market participants pointed out that in the process of rapid upward trend of US dollars, the main non -US currency has been significantly adjusted, but with the stable support of China's economic fundamentals, the RMB exchange rate has maintained a good determination. The latest announcement is announced. Four consecutive increases in foreign exchange accounts also show that the market still has strong confidence in the RMB exchange rate. It is expected that the subsequent RMB exchange rate of exchange rates will continue to be stable.