China'S Misgivings Make It Hard For Commodity Currencies To Be Hammered Out For Future Foreign Trade.

At the beginning of the Asian market, the euro and the yen maintained a solid rally against the dollar, which had been driven by the short back subsidy. Meanwhile, the risk of risk aversion was a blow to commodity currencies such as the Australian dollar.

Investors are anxiously waiting for the renminbi to be traded against the US dollar.

It is announced whether the PBOC will allow further devaluation of the renminbi.

If the yuan continues to depreciate, it may increase the pressure on regional currencies and benefit the Japanese yen.

But strangely enough,

It was one of the few on the previous day that outperformed the yen.

One, the euro rebounded to 128.50 from the 8 half month low of 126.79.

At the same time, the euro / dollar rose to the top of the 1.0900 line, after a 1.4% rise, setting the biggest one-day gain in 1 months.

The unexpected strong trend of the euro makes CitiFX analysts doubt whether the euro is a new hedge currency.

In a report to customers, CitiFX analyst said, "it has not yet been concluded that it may be due to stock market or warehouse position, and whether the upward trend of the previous trading day is partly driven by fundamentals.

But on the whole, the performance of data is different.

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If the RMB continues to depreciate, it will undoubtedly slow down the growth rate of cross-border import electricity suppliers in China, but will greatly stimulate the accelerated development of cross-border export business.

At present, the domestic cross-border import platform is burning money and losing money to grab the market, the mode is generally "very heavy" and homogenization is serious, the comprehensive cost is very high, most of the goods come from the foreign retail end, the commodity price is generally not low. If the RMB breaks through the 6.8 line, the import cost of many "heavy mode" cross-border import platform will increase greatly, and the loss will also rise sharply. The shuffling of the cross-border import industry will come ahead and inevitable.

Consumers also have to pay more RMB for Hai Tao.

With the depreciation of RMB and the support policy of cross border export electricity supplier at the end of the year, 2016 is expected to become the first year of China's cross-border export electricity supplier.

The continuous decline of the RMB exchange rate for several days affects all aspects of our life.

Especially for the members of the sea group and the outbound tourists, they will undoubtedly increase their spending.

The profits of the purchasing industry will be greatly reduced, and cross-border electricity suppliers will also face a new round of shuffling.

"Depreciation of the renminbi will increase the cost of our imports.

Although China's imports are shrinking rapidly, imports of some strategic commodities such as energy and agricultural products are slightly affected.

In the case of RMB devaluation, the price of such imported varieties will increase, which also improves the operating costs of related industries in disguise.

The reporter also sent a message.