您現(xiàn)在的位置: Language Tips> News English> News Digest  
   
 





 
人民幣兌美元匯率破7
[ 2008-04-11 10:53 ]

美元的持續(xù)下跌,讓人民幣對(duì)美元的匯率突破了7∶1關(guān)口,正式進(jìn)入“6時(shí)代”。中國外匯交易中心公布,昨天,銀行間外匯市場(chǎng)美元等交易貨幣對(duì)人民幣匯率的中間價(jià)為1美元對(duì)人民幣6.9920元,創(chuàng)匯改以來新高。

人民幣兌美元匯率破7

 

The central parity rate of the yuan yesterday breached the psychological mark of 7 against the US dollar, exacerbating the woes of exporters and manufacturers.

The central bank set the rate at 6.992 yuan to the greenback, the first time the currency has broken through 7 since the yuan's peg to the US currency was scrapped in July, 2005.

"It will have some psychological impact, but won't be a big shock," said Dong Yuping, senior economist with the Institute of Finance and Banking affiliated to the Chinese Academy of Social Sciences (CASS). "It has been widely expected given the recent pick-up in the pace of appreciation."

The yuan has risen about 4.3 percent against the dollar so far this year on the back of a 6.9 percent rise last year. It has risen by about 18 percent since July 2005.

The yuan, however, has not appreciated much against the trade weighted currency basket, although it is trading stronger than those currencies.

Apart from the sliding dollar, UBS Investment Research said in a report that factors contributing to the recent acceleration in yuan's appreciation include decreasing "hot money" inflows since last October, which eased pressure on policymakers and enabled them to allow the yuan to appreciate faster.

Dong said it is also possible that policymakers have allowed faster appreciation to ease inflation, which jumped 7.1 and 8.7 percent respectively in January and February.

Another factor is China's strong export performance - shipments have grown at about 20 percent year on year in real terms, which has eased officials' concerns about the impact of currency appreciation, the UBS said.

The yuan appreciation, however, would slow, said Dong.

"I think the dollar may stabilize and gradually rebound by the end of next year," he said, adding that the yuan may gradually rise to about 6 to the dollar and stabilize in the next two years.

UBS said the potential comeback of speculative capital inflows would keep the authorities from allowing the yuan appreciation to be too fast.

Moreover, China's trade surplus has been flat or falling for 18 months and this trend will continue through next year, which means the underlying pressure on the currency is moderating, the UBS report said.

The yuan's relentless rise has been pinching many exporters, who have had to raise prices, shorten contract periods or shift to domestic sales.

"Many of our clients have complained about our frequent price adjustments and we dare not sign long-term deals for fear of unexpected losses due to the yuan's further appreciation," said Liao Yu, a senior manager of Guangdong-based Chigo Air Conditioner Co Ltd.

For Ningbo-based Yunhuan Electronics Group Co Ltd, the currency appreciation has left the company with no alternative but to raise its prices by 2.5 percent - and purchasers have since cut down on orders. "Only some long-term customers have agreed to share currency-incurred losses with us," Shen Xiangjun, the company's sales manager, said.

Fearing weakening external demand, many companies have shifted to China's domestic market.

(China Daily)

Vocabulary:

greenback:美鈔

(英語點(diǎn)津Celene編輯)

 

 
英語點(diǎn)津版權(quán)說明:凡注明來源為“英語點(diǎn)津:XXX(署名)”的原創(chuàng)作品,除與中國日?qǐng)?bào)網(wǎng)簽署英語點(diǎn)津內(nèi)容授權(quán)協(xié)議的網(wǎng)站外,其他任何網(wǎng)站或單位未經(jīng)允許不得非法盜鏈、轉(zhuǎn)載和使用,違者必究。如需使用,請(qǐng)與010-84883631聯(lián)系;凡本網(wǎng)注明“來源:XXX(非英語點(diǎn)津)”的作品,均轉(zhuǎn)載自其它媒體,目的在于傳播更多信息,其他媒體如需轉(zhuǎn)載,請(qǐng)與稿件來源方聯(lián)系,如產(chǎn)生任何問題與本網(wǎng)無關(guān);本網(wǎng)所發(fā)布的歌曲、電影片段,版權(quán)歸原作者所有,僅供學(xué)習(xí)與研究,如果侵權(quán),請(qǐng)?zhí)峁┌鏅?quán)證明,以便盡快刪除。
相關(guān)文章 Related Story
 
 
 
本頻道最新推薦
 
新加坡開展促友善全民教育活動(dòng)
小長(zhǎng)假的前一天 virtual Friday
英語中的“植物”喻人
Burying loved ones deadly expensive
經(jīng)濟(jì)危機(jī)時(shí)期入讀哈佛難上加難
翻吧推薦
 
論壇熱貼
 
“學(xué)會(huì)做人”如何翻譯
做作怎么翻譯
美國人電話留言精選
大話西游中英文對(duì)白
夜宵怎么翻譯比較地道

 

精品无码久久久久久尤物,99视频这有这里有精品,国产UU精品无码视频,女同精品一区二区网站