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

Business / Markets

Yuan on track for biggest weekly loss, market reforms in focus

(Xinhua) Updated: 2014-02-28 14:34

The Chinese yuan has firmed every year against the dollar since 2010 with recent gains coming amid very little volatility

and despite widespread weakness among emerging market currencies, fuelling growth of speculative capital flows.

Those hot-money inflows -- UBS estimates that amount at more than $150 billion in 2013 -- have complicated the task of the

central bank's policy management as it seeks to curb the growth of shadow banking activities.

Yuan on track for biggest weekly loss, market reforms in focus

Yuan on track for biggest weekly loss, market reforms in focus

The yuan's dramatic fall since last week is aimed at stamping out those speculative plays.

"Have you changed your expection of the yuan to depreciation? If not, I suggest changing it as soon as possible.

I have changed mine and think it will stay weak for the next three months," said a trader at a Chinese bank in Shanghai.

Regarding the yuan's recent sharp decline, China's foreign exchange regulator has launched an investigation into its possible impact on foreign exchange transactions at domestic banks and companies, banking sources said on Thursday.

Despite the slump in the past two weeks, which has seen the yuan lose 1.8 percent against the dollar, a rare phenomenon in

its history, analysts do not think it will be the trend in the long term.

The world's second-largest economy is still under pressure from heavy capital inflows both under the current account and

the capital account. Higher interest rate levels and better economic fundamentals will continue to attract fund inflows.

The market is keeping a close eye on the National People's Congress to be held from next Wednesday, as traders think it may be the time the central bank announces important policies on the foreign exchange market.

Renminbi may become global reserve currency

PBOC clarifies rules on FTZ yuan business

Luxembourg wants bank for yuan deals

IFC to issue record yuan bonds in London

 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
黄冈市| 浦江县| 措勤县| 天峻县| 清新县| 临安市| 嘉义市| 临湘市| 灵丘县| 恩施市| 左权县| 洪江市| 赤城县| 高州市| 文水县| 龙山县| 新和县| 鄄城县| 永昌县| 满洲里市| 永仁县| 平和县| 丹巴县| 唐海县| 定陶县| 乐山市| 城市| 星子县| 宣汉县| 青铜峡市| 铅山县| 益阳市| 乐至县| 喜德县| 江孜县| 和硕县| 论坛| 阜平县| 彰武县| 甘南县| 桐乡市|