The pressure of the renminbi breaking 7 is a homeopathic adjustment driven by economic fundamentals and has the ability to self-stable. From a more comprehensive policy perspective, in order to steadily meet the self-adjustment of this exchange rate, the People's Bank of China has conducted sufficient expected management through public communication and the issuance of offshore central bank bills.
On the morning of August 5, in the offshore market and onshore market, the spot exchange rate of RMB against the US dollar both broke “7”.
What does breaking "7" mean? In addition to the impact on import and export trade, it will have an impact on all aspects of ordinary people.
After breaking“7”, overseas study and travel expenses will increase
Experts from financial institutions such as securities and banks have analyzed that after the RMB exchange rate against the US dollar has broken "7", the impact of the first impact on ordinary people is overseas consumption.
Compared with the highest exchange rate of 6.915 at the end of July, after breaking "7", the exchange of 10,000 US dollars will cost an additional 1,000 yuan. This will result in an increase in the daily expenses of overseas students, and at the same time, the cost of traveling abroad will also increase.
At this juncture, experts suggest that the choice of studying abroad and overseas travel is worth reconsidering. It may not be a good time for a trip.
At the same time, affected by overseas purchasing, foreign famous brand imports, etc., in general, after breaking "7", the price of imported goods will rise, the number of imported goods will be relatively reduced, and it will also stimulate the sales and consumption of local goods. Increase, domestic companies can wait for opportunities to develop.
Breaking the "7" risk aversion sent investors to turn to gold
After the RMB exchange rate against the US dollar broke the “7”, the chain reaction of the capital market was even more rapid.
On August 5, with the RMB breaking “7”, the gold gold T+D of the Shanghai Gold Exchange rose sharply by nearly 3% to 330 yuan/gram. In the Asian market, spot gold prices rose more than $10 to $1,450 per ounce in the day. Some experts have analyzed the reasons for this. On the one hand, Sino-US trade frictions are erratic. On the one hand, there are risk aversion in the market. More investors are turning their attention to gold. In the short term, the price of gold will have a stepping up space.
In the view of Zhang Ming, chief economist of Ping An Securities, the main reason for the RMB-denominated exchange rate against the US dollar was mainly due to the US announced last week that it would increase taxes on the remaining 300 billion US dollars of Chinese goods by 10% on September 1. . This move clearly violates market expectations and makes the prospects for negotiations even less optimistic. The central bank also said in a reporter's question that "the impact of unilateralism and trade protectionism operations and the imposition of tariff increases on China" is the direct cause of the RMB exchange rate breaking "7".
Breaking "7" should focus on the median profit
Since many domestic commodities and raw materials are purchased from abroad, the rise of the RMB exchange rate on the opposite side will bring the price of imported products to a certain extent, and the possible results may include the increase in the prices of some domestic commodities. But this effect is obviously limited and laid out.
The central bank said in the "Report on the Renminbi exchange rate that is basically stable at a reasonable and balanced level - the relevant person in charge of the People's Bank of China on the RMB exchange rate issue", the basic national policy of China's reform and opening up after the "7" will not change, the renminbi The exchange rate will continue to fluctuate in two directions at a reasonable and balanced level and gradually stabilize. The people's assets are mainly in the renminbi. They are best protected. They should put their energy into the entity's profit. Don't do too much foreign exchange risk investment. Pay attention to short-term speculation.
Experts including Zhang Ming, chief economist of Ping An Securities, also analyzed that the fundamentals of the domestic economy will not fall in a cliff-like decline after the exchange rate of the RMB against the US dollar is broken. In fact, since the beginning of this year, the long-term spread between China and the United States has not risen and risen. Secondly, the recent high index of the US dollar index has also helped stabilize the exchange rate of the RMB against the US dollar. The analysis tends to believe that the exchange rate of the RMB against the US dollar will remain stable at around “7” in the short term.
Yihong abrasives | Sanders flap disc | Sanders flap wheel | Sanders abrasive belt
Flap Wheel | Abrasive Belt | Raw Material | Flap Wheel with Shank
Copyright ©Henan Sanders Abrasives Co.,Ltd All Rights Reserved. Technical Support By Yihong Century Network Technology Co., Ltd. Sitemap