The United States in the First Quarter Real GDP is not the final value and it is expected that the United States Department of Commerce announced on April 27 that by the end of the First Quarter Real GDP in the final value of the quarter rose by 3.1 percent over the ring and not the expected 3.2 percent and 5 month correction.
The GDP deflator, the quarter-final value chain 0.9%, expected 0.8 percent the previous value of 0.8%. In the United States a quarterly real GDP growth to make major contributions to the private stock investment, exports, local governments as well as non-residential fixed investment, which imports and non-residential fixed investment have dropped, and the exports, consumption expenditure and local government expenditure growth.
The US Federal Reserve that now determines the dropout rate or the size of the need to also be premature, San Francisco Federal Reserve Chairman Daley Thursday in an interview that the decision-makers to judge whether we should cut interest rates, and the dropout rate should be 25 basis points or 0.5 percent is too early.
The current changes in the RMB exchange rate, the central bank did not exceed expectations for the exchange rate issue, the current internal and external uncertainties and unstable factors still more, the impact of the RMB exchange rate, and it is difficult to accurately determine and, at the same time, the possibility of the Fed cut interest rates are put on the agenda, the trend is uncertain.
In this context, he was of the view that the RMB exchange rate, and the prospects for the future.
There are three possibilities: One is that the market is based on the belief that the central bank has the ability to maintain exchange rate stability, the market is not active attacks such currency; the other is the domestic economy was firm, external dollars callback, event, with the support of the RMB exchange rate fundamentals, it does not preclude re-oscillator appreciation of the renminbi; there is also the possibility, if the domestic economy, the dollar value, the deterioration of the event, the RMB exchange rate stability, lack of basic support, it will test the power of the Government.
For a continuous period of 7 months from the renminbi as an international currency to pay the fifth largest active June 27 news that the global Interbank Financial Telecommunications (SWIFT), the association of the latest report of RMB for the seventh consecutive month in the maintenance of international payment of the fifth largest active currency, its share of the 1.88% from 4% to 1.95%, in four months.
According to the SWIFT stated that the RMB payment amount of 5.69%, growth compared to all other currency of payment of the total amount paid only 1.73%, which means that the RMB is being used by a growing number of countries.
The last 1 month and 6 month offshore voices, with the successful launch, push forward the process of internationalization of the RMB. At the end of Easter Eggs Sina finance, the rates of micro-applet are now had access to 22 major countries exchange rates, real-time quotes and facilitate foreign investors and foreign exchange market immediately for up-to-date information.
At the same time, the applet can also provide the most cost-effective currency exchange, banking information, more suitable for the import and export business, foreign exchange companies, the Amoy, from tour groups. A small program that has been launched the second phase of the project strong access 170 national and regional exchange rate market, world-class-leading the industry!