According to the latest data released by the central bank, the central parity of the US dollar against the RMB exchange rate was 6.3010 on the 26th, down 37 basis points from yesterday, setting a new low of more than four months. On the previous trading day, the central parity of the US dollar against the RMB exchange rate was quoted at US$1 to RMB6.3047. The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that the median price of the RMB exchange rate in the inter-bank foreign exchange market on October 26, 2012 was: US$1 to RMB6.310, 1 Euro to RMB8.1551, and 100 yen to RMB7.8449, HK$1 For RMB 0.81301, 1 pound against RMB 10.1563, 1 Australian dollar to RMB 6.5209, 1 Canadian dollar to RMB 6.3346, RMB 1 to 0.48403 ringgit, and RMB 1 to 5.085 Russian rubles. Some foreign exchange traders believe that the strength of the renminbi may be related to international political and economic trends. The recent rise in the yuan against the dollar has been caused by a variety of reasons, including the tense political relationship between the United States and the United States before the US presidential election next month. In addition, economic fundamentals have also pushed the yuan to rise against the dollar in the near term. These factors include the renewed expansion of China's trade surplus and the launch of the third round of quantitative easing (QE3) by the US Federal Reserve. Some analysts believe that the renminbi continued to appreciate during the year.
Pressure Gauge,Gauge Pressure Transmitter,Fuel Pressure Gauge,Digital Pressure Gauge
Wuxi Winsun Automation Instrument Co., Ltd , https://www.jswxwinsun.com