burst! The exchange rate breaks 7.27!
- Author:Elena
- Release Date:2022-10-24
On the evening of October 19, the RMB exchange rate against the US dollar fell below the early low in the offshore market.
More offshore RMB to the US dollar exchange rate that reflects international investors' expectations fell below 7.23, 7.24, 7.25, 7.26, and 7.27 on October 19th. And refreshed the lowest point of 7.2675 on September 28.
While offshore RMB to the US dollar exchange rate, the US dollar index rose straight. On October 19, the US dollar index rose to 112.9943, an increase of more than 0.75%from the previous trading day.
According to data released by the EU Statistical Bureau on October 19, the consumer price index (CPI) in the euro zone increased by 1.2%month -on -month and a year -on -year increase of 9.9%. After the data was announced, the euro fell more than 0.8%to the US dollar to a minimum of 0.9759.
The next Federal Reserve's interest rate meeting was held on November 1, and the market expected 75 basis points to raise interest rate hikes, waiting for the performance of the RMB exchange rate.
burst! The exchange rate breaks 7.27!
British CPI in September increased by 10.1% year -on -year
According to Reuters, data released by the National Bureau of Statistics on the 19th show that the British Consumer Price Index (CPI) in September this year rose 10.1%year -on -year, which was the same as the recent high data data.
Reuters said that economists had predicted that the inflation rate would rise from 9.9%in August to 10.0%.
The National Bureau of Statistics of the United Kingdom said that the main driver of inflation in September was rising food prices. Data show that in the 12 months of September this year, the price of British food and non -alcoholic beverages rose by 14.6%, which is higher than 13.1%in August. According to historical estimates, this is also the largest increase since April 1980. Essence Specifically, the prices of bread, grains, meat products, and milk, cheese and eggs in September rose significantly.
The new British Financial Minister Jerry Hunter said on the 19th that considering that the inflation rate rose in September, the government would give priority to helping the most vulnerable groups, and at the same time committed to achieving wider economic stability and promoting the long -term growth of everyone.
From April to July this year, the British inflation level refresh the highest record in 40 years. In July, CPI rose by 10.1%year -on -year, making Britain the first seven -point country in the world's first CPI increase in the global inflation.
The yen against the US dollar exchange rate hit a new low in 32 years
Japan NHK TV reported that on the 20th, the exchange rate of the Japanese foreign exchange market in Tokyo continued to depreciate, once fell below the $ 1 against 150 yen, and it reached a new low after 32 years. The depreciation rate has exceeded 30.17%during the year.
Earlier, the Bank of Japan insisted on the super loose monetary policy against the trend, especially after May, and other countries continued to expand relative to Japan, and the Japanese yen directly depreciated.
In addition, the weakening of Japan's fundamentals is also an important reason for the depreciation of the yen. In particular, the rapid deterioration of Japanese trade conditions in the energy crisis, the expansion of the trade deficit, and the yen against a basket of currencies obviously weakened.
It is reported that after being intervened on September 22, the yen exchange rate once returned between 140 and 140.5, but it fell more than 8 yen in less than a month. At present, it is close to $ 1 against the 150 yen mark.
Japanese Prime Minister Kishida Kishida emphasized in Congress's defense that "there is a problem with the sharp fluctuations related to speculation". The Financial Minister Suzuki Hiroshi also said at a press conference after the cabinet meeting: "For excessive fluctuations caused by speculation, proper response measures will be taken properly. . In the past, the thinking will not change at all, and it will focus on the movement of tension. "
The Lebanon pound fell below 40000: 1
Recently, in Lebanon, which was snatched in the bank, the Rican exchange rate against the US dollar black market fell below 40,000 to 1, a record low.
Lebanon has implemented a fixed exchange rate policy linked to the US dollar and the US dollar since 1997. The official exchange rate has remained at 1507.5 to 1.
From the perspective of the annual line, the trend of the Lebanon pound for the US dollar has been stable. For decades, it has almost no fluctuations.
But the real situation is not the case. The Lebanon pound actually implements a fixed nominal exchange rate, and the Black Market has long been redeemed by the 40,000 Lebanon pound.
Since the banking crisis in September 2019, the price of the Rician exchange rate on the US dollar black market has decreased significantly. Over the past three years, affected by multiple factors such as political economy, new crown pneumonia, and the large factors such as the Barut Port Big Bang, the Lichen exchange rate on the US dollar has fallen by more than 96%.
Lebanon is a country that is seriously dependent on imports. The severe depreciation of the Rician pound has led to high domestic prices. Lebanon has repeatedly experienced a three -digit inflation index, and the purchasing power of residents has shrunk sharply.
Vietnam announced the expansion of trading interval
In order to not allow the depreciated currency to affect trade as much as possible, the Central Bank of Vietnam announced that it will expand the Vietnamese dong's trading interval from 3%to 5%.
The analysis believes that the expansion of the trading area indicates that Vietnam is willing to tolerate the Vietnamese dong further. This sends a signal to the market, indicating that it is tolerating more foreign exchange weakness and fluctuations, and the central bank is not willing to use the reserve to protect the Vietnamese shield.
Since the beginning of this year, the Fed's radical interest rate hikes have generally been under pressure, and the Vietnamese Shield cannot be avoided.
Although the economy has formed a certain support on the exchange rate, the Vietnam Dun's exchange rate against the US dollar has fallen nearly 7%so far this year, and the daily decline has nearly 1%, a record low.
In order to defend the exchange rate, the Vietnamese Bank was forced to raise interest rates and sell a lot of US dollars. After the Fed ’s interest rate hike in mid -September, the Central Bank of Vietnam was to stabilize the country’ s exchange market, and then announced that the emergency interest rate hike was 100 base points.
In addition, the Vietnamese Bank stated in a statement that it will continue to manage the Vietnamese shield in a flexible manner, and use other monetary policies to stabilize the currency market, inhibit inflation, and maintain macro stability.
Egypt
Affected by the decline of tourism and the withdrawal of international investors, Egypt is also facing a shortage of foreign exchange, such as General Motors, Nissan, and Xili, which have stopped activities in Egypt. At present, the Egyptian pound has depreciated by 14%, the US dollar has risen against the Egyptian pound, and the difficulty of paying foreign exchange for local buyers has increased.
Local buyers need to meet many conditions from banks, and the process is very strict. Some buyers turn to the black market, which has led to further higher exchange rates against the Egyptian pound.
Pakistan
In the first half of 2022, the Pakistani Rude plummeted against the US dollar to 200: 1, and the country's trade deficit in the new fiscal year increased by 55.7%year -on -year, a record high. At the same time, Pakistan's foreign exchange reserves fell to the lowest level in three years.
In response, Moody's Analysis Company announced that it lowered the long -term deposit rating of Pakistan's five banks, lowered from B3 to CAA1, and also reduced banks' long -term foreign exchange transaction risk rating (CRR) from B3 to CAA1.
The rating agencies believe that Pakistan's economic prospects have deteriorated, government liquidity increases, external vulnerability risks and debt increases.
Sri Lanka
Sri Lanka Cabinet spokesman Ban Dura Gunavadner said that Sri Lanka Cabinet has approved the relegation of the "middle -income country" defined by the country to a "low -income country" from international organizations to obtain preferential funds from international organizations.
More offshore RMB to the US dollar exchange rate that reflects international investors' expectations fell below 7.23, 7.24, 7.25, 7.26, and 7.27 on October 19th. And refreshed the lowest point of 7.2675 on September 28.
While offshore RMB to the US dollar exchange rate, the US dollar index rose straight. On October 19, the US dollar index rose to 112.9943, an increase of more than 0.75%from the previous trading day.
According to data released by the EU Statistical Bureau on October 19, the consumer price index (CPI) in the euro zone increased by 1.2%month -on -month and a year -on -year increase of 9.9%. After the data was announced, the euro fell more than 0.8%to the US dollar to a minimum of 0.9759.
The next Federal Reserve's interest rate meeting was held on November 1, and the market expected 75 basis points to raise interest rate hikes, waiting for the performance of the RMB exchange rate.
burst! The exchange rate breaks 7.27!
British CPI in September increased by 10.1% year -on -year
According to Reuters, data released by the National Bureau of Statistics on the 19th show that the British Consumer Price Index (CPI) in September this year rose 10.1%year -on -year, which was the same as the recent high data data.
Reuters said that economists had predicted that the inflation rate would rise from 9.9%in August to 10.0%.
The National Bureau of Statistics of the United Kingdom said that the main driver of inflation in September was rising food prices. Data show that in the 12 months of September this year, the price of British food and non -alcoholic beverages rose by 14.6%, which is higher than 13.1%in August. According to historical estimates, this is also the largest increase since April 1980. Essence Specifically, the prices of bread, grains, meat products, and milk, cheese and eggs in September rose significantly.
The new British Financial Minister Jerry Hunter said on the 19th that considering that the inflation rate rose in September, the government would give priority to helping the most vulnerable groups, and at the same time committed to achieving wider economic stability and promoting the long -term growth of everyone.
From April to July this year, the British inflation level refresh the highest record in 40 years. In July, CPI rose by 10.1%year -on -year, making Britain the first seven -point country in the world's first CPI increase in the global inflation.
The yen against the US dollar exchange rate hit a new low in 32 years
Japan NHK TV reported that on the 20th, the exchange rate of the Japanese foreign exchange market in Tokyo continued to depreciate, once fell below the $ 1 against 150 yen, and it reached a new low after 32 years. The depreciation rate has exceeded 30.17%during the year.
Earlier, the Bank of Japan insisted on the super loose monetary policy against the trend, especially after May, and other countries continued to expand relative to Japan, and the Japanese yen directly depreciated.
In addition, the weakening of Japan's fundamentals is also an important reason for the depreciation of the yen. In particular, the rapid deterioration of Japanese trade conditions in the energy crisis, the expansion of the trade deficit, and the yen against a basket of currencies obviously weakened.
It is reported that after being intervened on September 22, the yen exchange rate once returned between 140 and 140.5, but it fell more than 8 yen in less than a month. At present, it is close to $ 1 against the 150 yen mark.
Japanese Prime Minister Kishida Kishida emphasized in Congress's defense that "there is a problem with the sharp fluctuations related to speculation". The Financial Minister Suzuki Hiroshi also said at a press conference after the cabinet meeting: "For excessive fluctuations caused by speculation, proper response measures will be taken properly. . In the past, the thinking will not change at all, and it will focus on the movement of tension. "
The Lebanon pound fell below 40000: 1
Recently, in Lebanon, which was snatched in the bank, the Rican exchange rate against the US dollar black market fell below 40,000 to 1, a record low.
Lebanon has implemented a fixed exchange rate policy linked to the US dollar and the US dollar since 1997. The official exchange rate has remained at 1507.5 to 1.
From the perspective of the annual line, the trend of the Lebanon pound for the US dollar has been stable. For decades, it has almost no fluctuations.
But the real situation is not the case. The Lebanon pound actually implements a fixed nominal exchange rate, and the Black Market has long been redeemed by the 40,000 Lebanon pound.
Since the banking crisis in September 2019, the price of the Rician exchange rate on the US dollar black market has decreased significantly. Over the past three years, affected by multiple factors such as political economy, new crown pneumonia, and the large factors such as the Barut Port Big Bang, the Lichen exchange rate on the US dollar has fallen by more than 96%.
Lebanon is a country that is seriously dependent on imports. The severe depreciation of the Rician pound has led to high domestic prices. Lebanon has repeatedly experienced a three -digit inflation index, and the purchasing power of residents has shrunk sharply.
Vietnam announced the expansion of trading interval
In order to not allow the depreciated currency to affect trade as much as possible, the Central Bank of Vietnam announced that it will expand the Vietnamese dong's trading interval from 3%to 5%.
The analysis believes that the expansion of the trading area indicates that Vietnam is willing to tolerate the Vietnamese dong further. This sends a signal to the market, indicating that it is tolerating more foreign exchange weakness and fluctuations, and the central bank is not willing to use the reserve to protect the Vietnamese shield.
Since the beginning of this year, the Fed's radical interest rate hikes have generally been under pressure, and the Vietnamese Shield cannot be avoided.
Although the economy has formed a certain support on the exchange rate, the Vietnam Dun's exchange rate against the US dollar has fallen nearly 7%so far this year, and the daily decline has nearly 1%, a record low.
In order to defend the exchange rate, the Vietnamese Bank was forced to raise interest rates and sell a lot of US dollars. After the Fed ’s interest rate hike in mid -September, the Central Bank of Vietnam was to stabilize the country’ s exchange market, and then announced that the emergency interest rate hike was 100 base points.
In addition, the Vietnamese Bank stated in a statement that it will continue to manage the Vietnamese shield in a flexible manner, and use other monetary policies to stabilize the currency market, inhibit inflation, and maintain macro stability.
Egypt
Affected by the decline of tourism and the withdrawal of international investors, Egypt is also facing a shortage of foreign exchange, such as General Motors, Nissan, and Xili, which have stopped activities in Egypt. At present, the Egyptian pound has depreciated by 14%, the US dollar has risen against the Egyptian pound, and the difficulty of paying foreign exchange for local buyers has increased.
Local buyers need to meet many conditions from banks, and the process is very strict. Some buyers turn to the black market, which has led to further higher exchange rates against the Egyptian pound.
Pakistan
In the first half of 2022, the Pakistani Rude plummeted against the US dollar to 200: 1, and the country's trade deficit in the new fiscal year increased by 55.7%year -on -year, a record high. At the same time, Pakistan's foreign exchange reserves fell to the lowest level in three years.
In response, Moody's Analysis Company announced that it lowered the long -term deposit rating of Pakistan's five banks, lowered from B3 to CAA1, and also reduced banks' long -term foreign exchange transaction risk rating (CRR) from B3 to CAA1.
The rating agencies believe that Pakistan's economic prospects have deteriorated, government liquidity increases, external vulnerability risks and debt increases.
Sri Lanka
Sri Lanka Cabinet spokesman Ban Dura Gunavadner said that Sri Lanka Cabinet has approved the relegation of the "middle -income country" defined by the country to a "low -income country" from international organizations to obtain preferential funds from international organizations.