News and Information

  ATFX foreign exchange market: In May, the US dollar index rose by 2.52%, the highest price hit 104.7, and the current price is 104.46, which is still at a short-term high. With the appreciation of the US dollar, non-US currencies have collectively depreciated. In May, the euro depreciated by 2.99%, the yen depreciated by 2.22%, the pound depreciated by 1%, the Australian dollar depreciated by 1.69%, the Swiss franc depreciated by 1.81%, the New Zealand dollar depreciated by 2.6%, the Korean won depreciated by 1.27%, and the Indonesian rupee depreciated by 2...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on June 1, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.0965 yuan for 1 US dollar, 7.5887 yuan for 1 euro, 5.1047 yuan for 100 yen, 0.90624 yuan for 1 Hong Kong dollar, 8.8326 yuan for 1 pound, 4.6180 yuan for 1 Australian dollar, and 4.6180 yuan for 1 New Zealand dollar.

  Depp Capital notes that while the S & P 500 is about to break through this year's highs, the phenomenon behind this is that the United States is facing a bankruptcy crisis. According to S & P Global Markets data, there were 236 bankruptcy filings in the first four months of this year, more than doubling from 2022 and setting a record since 2010. As interest rates rise and financial marekts are cautious about borrowers, credit is tightening. More and more companies that rely on cheap money are opening...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on May 31, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.0821 yuan for 1 US dollar, 7.6016 yuan for 1 euro, 5.0652 yuan for 100 yen, 0.90372 yuan for 1 Hong Kong dollar, 8.7899 yuan for 1 pound, 4.6161 yuan for 1 Australian dollar, and 4.6161 yuan for 1 New Zealand dollar.

  On May 30, Beijing time, the Asian market morning, the dollar index fell slightly, and is currently trading around 104.26. The dollar index fluctuated narrowly on Monday, and finally closed up 0.06% at 104.28. The U.S. debt ceiling agreement has boosted risk appetite in global markets and weakened the safe-haven appeal of the dollar. U.S. President Joe Biden said on Sunday that he has finalized a budget agreement with House Speaker McCarthy that will suspend the implementation of the $31.40 trillion debt ceiling,...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on May 30, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.0818 yuan for 1 US dollar, 7.5836 yuan for 1 euro, 5.0419 yuan for 100 yen, 0.90469 yuan for 1 Hong Kong dollar, 8.7479 yuan for 1 pound, 4.6273 yuan for 1 Australian dollar, and 4.6273 yuan for 1 New Zealand dollar.

  News interpretation: On Saturday (May 27), as expectations for the Federal Reserve to raise interest rates again heat up, the dollar may be boosted in the later stage, because the core PCE data may show that core inflation has not declined as rapidly as the Federal Reserve hopes. So we can see that the Federal Reserve's interest rate hike attitude has been strengthened, which is undoubtedly a bearish amplification of precious metals such as gold. The market generally expects that the debt crisis will be resolved, and the Federal Reserve will still tighten monetary policy in general.

  The State Administration of Foreign Exchange announced on May 26 that in April 2023, China's foreign exchange market transactions overview data show that in April 2023, China's foreign exchange market (excluding the foreign currency pair market, the same below) totaled 20.14 trillion yuan (equivalent to 2.93 trillion US dollars). Among them, the bank-to-customer market transactions 2.91 trillion yuan (equivalent to 420 billion US dollars), and the interbank market transactions 17.23 trillion yuan (equivalent to 2.5...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on May 29, 2023, the central parity of the RMB exchange rate in the interbank foreign exchange market was 7.0575 yuan for 1 US dollar, 7.5679 yuan for 1 euro, 5.0133 yuan for 100 yen, 0.90089 yuan for 1 Hong Kong dollar, 8.7135 yuan for 1 pound, 4.6059 yuan for 1 Australian dollar, and 4.6059 yuan for 1 New Zealand dollar.

  On May 26th, Beijing time, the Asian market morning, the dollar index rose slightly, and is currently trading around 104.25. The dollar index strengthened for the fourth consecutive session on Thursday, hitting a two-month high of 104.31, as US data showed that the economy is still resilient even during the Federal Reserve's aggressive interest rate hike cycle. The dollar index closed up 0.31% at 104.22 on Thursday. The number of Americans filing initial unemployment benefits rose by 4,000 last week to 229,000, below market estimates...

  I don't know since when, the unsung hero of foreign exchange has become a household name in China. In my impression, after 16/17 years of coverage by major media and brokerages, the Golden Fair, and the promotion of CCTV news, this globally recognized largest investment and wealth management product has been well known and recognized by the general public. Foreign exchange has become the best choice for domestic people to invest and start businesses when real enterprises are struggling! Is foreign exchange legal? The answer is legal, currently...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on May 26, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.0760 yuan for 1 US dollar, 7.5888 yuan for 1 euro, 5.0566 yuan for 100 yen, 0.90314 yuan for 1 Hong Kong dollar, 8.7186 yuan for 1 pound, 4.6009 yuan for 1 Australian dollar, and 4.6009 yuan for 1 New Zealand dollar.

  The dollar index hit a two-month high of 103.96, supported by recent signs that the U.S. economy remains resilient, while unease over U.S. debt ceiling negotiations has led investors to turn to safe-haven assets. Inflation in the United Kingdom remained much stronger than expected in April, with service and core prices rising by the most in more than three decades, increasing pressure on the Bank of England to raise interest rates. In early Asian trading on May 24, Beijing time, the dollar index rose slightly, briefly refreshing the high of more than two months to 103.9...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on May 25, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.0529 yuan for 1 US dollar, 7.5843 yuan for 1 euro, 5.0614 yuan for 100 yen, 0.90091 yuan for 1 Hong Kong dollar, 8.7207 yuan for 1 pound, 4.6135 yuan for 1 Australian dollar, and 4.6135 yuan for 1 New Zealand dollar.

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on May 24, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.0560 yuan for 1 US dollar, 7.6002 yuan for 1 euro, 5.0928 yuan for 100 yen, 0.90060 yuan for 1 Hong Kong dollar, 8.7629 yuan for 1 pound, 4.6650 yuan for 1 Australian dollar, and 4.6650 yuan for 1 New Zealand dollar.