Dollar / yuan cash market higher Friday morning

The dollar / yuan a high price driven, the U.S. dollar against the RMB exchange market in early trading higher Request to 6.8407, at 6.8318 Thursday.
Friday dollars / official price was 6.8423 yuan, representing a Thursday rose 35 basis points; price of 6.8388 Thursday.
A local bank in Shanghai, traders said the dollar rose in overnight, the higher price today, but the increase than expected.
He pointed out that the recent exchange rate has been volatile in a narrow range, so today in such a high price for surprises; unclear at present the central bank%26#39;s intention, and the next few days how the central bank to guide the RMB exchange rate movements are difficult to guess .
He is expected today in the U.S. dollar will run between 6.8400-6.8500 yuan.

U.S. dollar against the RMB on August 1午盘rose to 6.8405 yuan

U.S. dollar against the RMB on August 1午盘Request transactions in the market rose to 6.8405 yuan, 31 closed at 6.8318 yuan; trading range of 6.8376 to 6.8415 yuan.
Dealers said the dollar July 31 high, the exchange rate on the 1st rise high price for changes in the international market will once again be on the exchange of greater impact.
The last few weeks, the trend of the yuan has been very stable, not the basic trend of the dollar in overseas markets affected. The transaction is expected to investors in the exchange rate of 6.8350 to 6.8450 yuan fluctuations.

Asia City on the 1st U.S. dollar against the yen early modest decrease

Japanese yen strengthened by the broad cross-led, August 1-City morning, the dollar fell moderately against the yen, the greenback in 10-day MA 107.63 stabilize, the whole, maintained in more than one month high at the bottom of volatility.
Europe and the United States to stimulate the stock market fell yesterday in cross stronger yen also boosted the yen set straight. The market expect the dollar against the Japanese yen, the greenback in the short-term shocks situation likely to remain high, but if it is subject to 108.60 today near, investors are callback risk.
U.S. dollar against the yen yesterday in more than one month high at the bottom of wide shocks. Data released in the U.S. dollar before Chonggao 108.37, fell after the publication of rapid, low 107.58, the 10-day MA stabilize, then rebounded to close at 107.84. U.S. stocks fell on that day, brought to boost the yen.
Dealers said that, despite the shocks yen cross pattern now likely to continue, but the dollar will be most stable. Because, despite the weak U.S. economic indicators may hurt U.S. dollars, but the U.S. economy relative, speculators now more concerned about how the global economy will be the next evolution of this high-yielding currencies may be particularly detrimental emotional risks may be cooling down. But in today before the publication of U.S. employment data, speculators do not expect massive one-way bet.
Technology, the U.S. dollar against the yen weeks technical indicators overall map the strong side, but the average lagging indicators rise, the exchange rate may still be high in the short-term shocks, during or higher, but may not be a substantial breakthrough. However, the U.S. dollar against the yen exchange rate days of technical indicators show that neutral, against a certain downside risks. Initial support is expected to see on the 10th MA 107.60, then 107.30 support to see 107, while resistance is at 108 up to 108.50/60.
Other areas, Europe and the United States rebound in the stock market bottomed out after limited gains, the trend started shocks, and recent data show that the global slowdown in economic growth, strong sense of market risks, this will affect the yen as the main financing currency arbitrage The size of transactions. In addition, the U.S. dollar against the yen usually in August will fall, but Morgan Chase, analysts said Japan%26#39;s trade surplus will drop moderately reduce dollar selling pressure, this will reduce the probability dollar fell against the yen.
Today focus on the U.S. July non-farm payrolls data, is expected to reduce 65,000 people.

Asia City on the 1st morning the euro against the dollar lowered moderate

Continuation of weak overnight trends, August 1-in morning trading, the euro fell against the dollar to continue to moderate, low 1.5554, slightly breaking yesterday%26#39;s lows, but still maintained after two days of range-bound trend.
The euro%26#39;s fall against the dollar Chonggao, in general remained after two days of the interval since the shocks of the trend. Since the beginning of 1.5567 dollar higher, the weak U.S. GDP and employment data released after Chonggao 1.5697, the 10-day MA Yuzu, after taking the majority or, to close at 1.5597.
Economy, the euro zone in July consumer price index continued to rise, initial value, or 4.1 percent, in line with expectations, but set in 1997 the highest level since. Eurozone June seasonally adjusted unemployment rate rose slightly to 7.3 percent, still barely keep from 05 since the continued decline in orbit, of which, the German unemployment rate decreased slightly from 7.4 percent, France held steady at 7.5 percent. European Central Bank next week will announce interest rate decisions, even though inflation up but showing weak signs of the economy, the market expected the ECB to keep rates unchanged.
The United States, the U.S. second quarter GDP rose 1.9 percent, lower than expected, while first-quarter GDP growth revised down from 1.0% to 0.9%, 07 fourth-quarter GDP revised down from 0.6% to 0.2%, 2001 is the first time since the third quarter were recorded in the negative, as of July 26 the week for the first time a substantial increase in the number of jobless people rose to 44,000 five-year high, have shown that weak U.S. economic growth. However, after the U.S. announced in July Chicago Purchasing Managers index rose to 50.8, show that some bright spots, helped the dollar recover the occupied land. Market analysis that the weak U.S. economic growth momentum, will be detrimental to the U.S. real estate market and financial market recovery, will also be restrictions on U.S. interest rate outlook, but the dollar%26#39;s recent strength has remained moderate. Dollar to break through the mid-range still good news to support the United States, or volatility will remain.
Technology, the euro against the U.S. dollar index down weeks technique, the weak trend of the technical indicators, showed that in the short-term exchange rate lowered to greater risk. But the average decline lag system, the exchange rate may be short-term consolidation, Tandi may rebound today. Investors expected the euro followed 1.5460 to 1.5550 in the front line, up resistance at 1.5615 to 1.5680.
Investment bank Brown Brothers Harriman that the U.S. dollar against major currencies by the popular real estate data, factors such as prospects for monetary policy and improve the Tixie. Macro level, for a period of time since the dismal performance of the U.S. employment data is likely to become the third quarter the economy started to stable precursor, the other major economies in the continued deterioration of economic data, however. BBH pointed out that the U.S. Federal Market Committee (FOMC), the European Central Bank and so the next week to discuss interest rates meeting, although expectations will not change the direction of monetary policy, but the central bank%26#39;s comprehensive statement after the meeting, the dollar is likely more Beneficial. The euro is expected this week may be facing a severe test.
Germany will today announce June retail, the euro zone will be published in July manufacturing managers index. Concerned about the U.S. July non-farm payrolls data, is expected to reduce 65,000 people.

RMB against the U.S. dollar on the 1st morning sharply lower open

By the dollar%26#39;s rebound affect all Tandi, August 1 morning, the yuan against the U.S. dollar opened low 35 points. Request trading market, the dollar against the RMB higher Friday morning to 6.8414 yuan, Thursday to close at 6.8318 yuan. Today, the dollar was 6.8423 yuan RMB exchange rate, higher than July 31 of 6.8388. At the same time, the RMB against other major currencies also adjusted.
Dealers there said that the U.S. dollar in the overnight rise, higher price today is only natural, but the increase than expected. From the disk, the recent exchange rate has been volatile in a narrow range, so today set the price so high surprising. The next few days how the central bank to guide the RMB exchange rate movements are difficult to guess. Today, the dollar is expected to be between 6.8400 to 6.8500 yuan operation.
Market analysis, the dollar%26#39;s recent strength of the renminbi against the U.S. dollar continued to moderate the recent pullback of external reasons, it is expected that the RMB against the U.S. dollar remains strong level. RMB against the U.S. dollar in the first half of rapid price appreciation, the second half of shocks pullback to the beginning and the end of the price data to terms, the rate of appreciation of this month is second only to 08 since April of the most slow or speed, the middle Price appreciation of 220 points, the appreciation rate of 0.32 percent. April, the appreciation of the RMB against the U.S. dollar price of 216 points, the appreciation rate of 0.3 percent.
Economic level, in the first half after the publication of economic data, the Chinese government may be more worried about economic slowdown and the appreciation of the renminbi and the export tax rebate policies, such as export-oriented exports to China have a certain negative impact on the economy, the central may be appropriate to consider fine-tuning policy And properly handle the current development and long-term development of relations and properly handle the domestic and foreign demand, the RMB against the U.S. dollar in the first half of rapid appreciation, it may moderate slowdown in the second half or speed, the dollar will stabilize the trend to create more favourable External conditions. Recent policy shows that the Chinese Government has adopted a moderate change in the appreciation of the RMB rate, some products raising the export tax rebate rate, to support a number of partial labor-intensive export industries.
In addition, following the establishment of the second half of the central task of fine-tuning of macroeconomic regulation and control, the various government agencies to take corresponding measures, moderate adjustment of economic operation, adopted these measures, will moderate the appreciation of the renminbi to ease the impact of SMEs. Ministry of Finance and State Administration of Taxation recently announced the on the adjustment of some commodities such as textiles and garments export tax rebate rate of notification, will be part of the textiles and clothing export tax rebate rate from 11 percent to 13 percent, will be part of bamboo products, the export tax rebate rate Increased to 11 percent. At the same time the abolition of some raw materials for export tax rebates, and other products. Exports through tax policy adjustments, not only to support some export, and can inhibit the two high a capital of export products. Another is that SMEs have access to credit incremental relaxation.