RMB Spot Exchange Rate Six Consecutive Down

As of the last trading day of the week, RMB The US dollar spot exchange rate has widened to 3.12%. Economist Lang Xianping] believes that the rise and fall of the Renminbi should be based on the final outcome of the game between the three largest economies in China, the United States and Europe. At present, the EU economy is still in negative growth, the currency of the emerging countries depreciates, and the situation in China is not optimistic.

　　 Lang Xianping "If you are an ordinary investor, you will sell your home currency and buy US dollars, right? Do you want to invest in American stocks?"

The continuous downward pressure on the RMB has already had a certain impact on China's import and export trade and enterprises. In order to avoid risks, some foreign trade enterprises mostly adopt the way of locking the exchange rate or choose to reduce the price of products slightly.

Li Xiaozhong, manager of the huge car audio marketing department in Panyu, Guangzhou, said: "the RMB is going down to the US dollar, but for the factory, we basically exchange rate is fixed. Because our manufacturing enterprises have no way to adjust our prices and costs according to the exchange rate in a very short time. "

To avoid exchange rate Fluctuations cause too much profit loss to enterprises. Cao Yuanzheng, chief economist of Bank of China (2.61, 0.01, 0.38%) suggests that enterprises should pay attention to risk management and control of exchange rate fluctuations. "How to hedge this risk requires enterprises to focus on one thing. That is to say, in the past there was a tendency of unilateral appreciation, so they did not pay much attention to exchange rate issues, and now they are two-way fluctuations, which means that volatility risks need to be managed."

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A senior European Union official said on Friday (April 27th) that euro zone finance ministers will discuss the euro exchange rate and its impact on the economy in May 5th, but the current exchange rate is close to the long-term equilibrium price, and the debate is unlikely to heat up the debate.

The European Central Bank said earlier in April that strengthening the euro exchange rate is an important factor in the sharp decline in inflation. The ECB will also send representatives to the Ministerial Conference in May 5th. The ECB has also said before that the ECB will use monetary policy to cope with further appreciation of the euro.

But the senior EU official said that the euro exchange rate is more or less in a long-term equilibrium state, and the recent changes in exchange rate cause inflation below average, and of course, the decline in commodity prices and other factors also need to be taken into account.

The official predicted that the exchange rate policy will not be heated debate at all sides. In fact, as long as we observe the impact of exchange rate fluctuations on the current economic situation, we can draw this conclusion. He also pointed out that euro zone finance ministers are unlikely to comment too much on the non conventional monetary easing policies such as the European Central Bank may buy bonds. The focus of the discussion will be on the economic situation itself, although the economy is not not affected by inflation.