男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Markets

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

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

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

China's yuan looks set for its biggest daily loss on record on Friday, as the central bank stepped up its intervention to weaken the currency ahead of a key government meeting next week which may be used as a platform to unveil more market reforms.

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

A record year for foreign renminbi exchange 

Directed at squeezing out speculative plays betting on continued yuan gains, the central bank has set about actively weakening its currency since mid-last week by using a mix of weak daily fixings and asking its agent banks to buy dollars.

Its intervention reached a frenzied pitch on Friday with the onshore yuan falling by its daily one percent limit against a midpoint fixing for the first time since July 2012.

Some analysts expect more weakness in the coming days.In midday trades, the yuan briefly weakened to 6.1808 per dollar, more than 0.8 percent below Thursday's close despite the central bank fixing the yuan slightly stronger at 6.1214 per dollar. The yuan could post its biggest-ever weekly loss around 1.2 percent.

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

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

"I think there is good chance for the spot yuan to break the 6.20 psychologically important level, and it can happen as early as next week," said Kenix Lai, a senior market analyst at Bank of East Asia. "Only fast depreciation of the yuan can stamp out speculative money betting on yuan appreciation."

Stepped-up efforts by the People's Bank of China to actively weaken the currency has led the yuan to a dramatic weakening

cycle that many analysts believe may be a prelude to more foreign exchange market reforms including widening a daily

trading band at an annual parliamentary meeting next week. While the yuan has been allowed to move in a 1 percent

trading band against the US dollar on either side of the central bank's daily reference rate since April 2012, it has mostly hugged the stronger end of the band.

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
...
...
主站蜘蛛池模板: 沈丘县| 玉环县| 新化县| 军事| 饶平县| 双柏县| 枣强县| 南宁市| 武胜县| 奉贤区| 长子县| 龙陵县| 丽水市| 开平市| 庆安县| 疏勒县| 武穴市| 上思县| 南安市| 隆化县| 娱乐| 门头沟区| 尉犁县| 万州区| 南汇区| 苗栗市| 耿马| 靖西县| 兰西县| 利津县| 蓝山县| 林西县| 大余县| 和静县| 夹江县| 洞口县| 永修县| 桃源县| 陈巴尔虎旗| 建阳市| 无为县|