The Hatred Of The United States And The Renminbi

US Senate ignored the opposition vote to push the renminbi appreciation bill

On the 11 day of the Senate, the US Senate passed the "2011 currency exchange rate supervision reform bill", without regard to the strong opposition at home and abroad, with 63 votes in favour and 35 votes against it.

The main content of the bill is that the United States government needs the so-called "undervalued exchange rate".

This obvious trade protectionism bill has aroused many people's objections in the United States.

US President Obama said 6 days that he was worried that the bill might not be in line with international treaties and obligations, but could not be supported by the world trade organization.

Bona, the speaker of the house of Representatives, said he did not approve of the bill and thought it would be a "dangerous" move.

Cui Tiankai, Vice Minister of foreign affairs of China, said on 10 th that the motion of the US Senate does not reflect the realities of Sino US economic and trade relations, but also brings harmful factors to the future development of bilateral economic and trade relations.

The central parity of RMB against the US dollar broke 6.35 first.

The 11 day data of China Foreign Exchange Trading Center show that the central parity of RMB against the US dollar is 6.3483, the first time to break through 6.35, and the exchange rate reform has reached a new high since then.

Since the reform in 2005, the central parity of RMB against the US dollar has appreciated by more than 30%.

Analysts believe that the overnight dollar index fell 1.42%, which is an important reason to push the RMB exchange rate on the 11 day to become stronger.

It is expected that the renminbi will continue to appreciate slightly against the US dollar in the future, and its elasticity will be further enhanced.

RMB appreciation

Statistics show that as of October 11th, the RMB pair