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The euro is a risk currency, the dollar is a safe-haven currency, and the European dollar brings the United States down, and vice versa, the United States brings the European fall.
The US dollar is the pricing currency, the US dollar is against all the currencies of the world, the US dollar is still against the world commodities (oil, grain, **, etc.), the appreciation of the US dollar brings with it all the risk currencies (EUR, GBP, AUD, CAD, etc.) and risk assets (**, **, commodities, ***, etc.). The depreciation of the US dollar brings with it all risk currencies and risk assets**.
To be correct, the exchange rate of the renminbi is based on the fluctuation of the US dollar against the ** weighted index of a basket of currencies (US dollar index). When the U.S. dollar index rises (the U.S. dollar appreciates), the renminbi depreciates against the U.S. dollar; When the dollar index falls (the dollar depreciates), the renminbi appreciates against the dollar. Because the euro accounts for a large share of the dollar index (, you can also simply understand that the euro depreciates against the dollar, and the yuan depreciates against the dollar; Conversely, if the euro appreciates against the dollar, the renminbi appreciates against the dollar;
Finally, the correct one is the euro and the dollar. The U.S. dollar, on the other hand, will continue to appreciate. (This year, the Fed has no QE3 according to analysis).
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From the perspective of unilateral currency pair attributes, when the euro appreciates, the relative dollar will depreciate. In addition, the relationship between the US dollar and the relationship between the euro and the US dollar is the same.
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Foreign exchange is a payment document denominated in a foreign currency for international settlement. The International Monetary Organization's interpretation of foreign exchange is: foreign exchange is the creditor's rights that can be used in the event of a deficit in the balance of payments held by monetary administrative authorities (**banks, monetary institutions, foreign exchange leveling** and the Ministry of Finance) in the form of bank deposits, treasury bills of the Ministry of Finance, long-term and short-term bonds.
Including: foreign currency, foreign currency deposits, foreign currency negotiable** (**public bonds, treasury bills, corporate bonds, **etc.), foreign currency payment certificates (bills, bank deposit certificates, postal savings certificates, etc.).
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Recently, the euro has been depreciating really fast, and more and more people are concerned about this part of the economy. The euro depreciates for several reasons.
First, the energy crisis has a very important impact on the depreciation of the euro. The euro is depreciating because the European economy has been greatly affected, and the European economy has been affected so much, the most important of which is its energy crisis. The most important reason for the energy crisis in Europe is well known.
When there is a crisis in the people of a place, there is no way for some of its economy to develop. Because energy is the foundation of many things, it is equivalent to being stuck in the most basic neck. The ECB also said that the euro could depreciate more severely if there is a severe disruption in energy and a further surge.
The second is the impact of inflation on the euro. From some news reports, we can see that inflation in the eurozone has been very serious in the past two years. And every inflation will cause the depreciation of money, especially for a period of time, there is a shortage of grain and oil in some euro areas, which is directly related to people's livelihood issues.
On the one hand, there is physical inflation, on the other hand, energy inflation, and under the pressure of the two, the depreciation of the euro is also unstoppable. According to statistics, the inflation rate was reached in June alone. With such a high inflation rate, it is difficult to stabilize the value of the euro.
Third, the weakness of the European economy is also a very important reason for the depreciation of the euro. When the European Union was founded, the economic development level of these European countries was very good, so the euro was also very valuable when it was born. However, in recent years, the European economy has shown signs of weakness.
There is no way to boost the economy of a place, and there is naturally no way to maintain the original value of money. Add to that the energy crisis, the economic crisis caused by the food crisis, and it is nothing less than a problem for the euro. Such a situation can easily form a vicious circle, causing other capital to be reluctant to enter the market.
Without a new capital bailout, the euro will have to go all the way down.
In fact, the reason why the euro depreciated so quickly is caused by many objective factors. But the main reason is that because they have developed very well before, they have always shown a very arrogant side. is like the blind team in the Russian-Ukrainian war, thinking that they could fish in troubled waters, but they didn't expect to set themselves on fire.
In addition, some of their policies are not friendly to many newly developed countries. Other countries are not obliged to be accustomed to them all the time, so when they have a crisis, they can only find their own way to solve the problem. Obviously, there is no way to solve the corresponding problem, so the euro can only be depreciated all the way.
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The essence of the euro is the change in the energy structure caused by the Russia-Ukraine conflict, which affects the high inflation in the European economy. When the energy problem is solved, the European economy can stabilize, and this change will not be seen in the short term. Europe's energy** remains volatile.
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The dollar will continue to appreciate.
The dollar will continue to appreciate, but at a slower pace and with less space.
It is mainly based on the Fed's determination to fight inflation once and for all. Recently, it can be seen from the speeches of the Fed chairman and other Feds** that there are at least two opportunities to raise interest rates before the end of the year, and the US dollar rate may be around the end of the year.
As long as the Fed remains determined to fight inflation, the dollar will remain strong. But in the next step, the strength of the dollar will not work, and the rally will slow down as before, and the room for appreciation will gradually begin to shrink.
Reasons for the appreciation of the US dollar:
The main reason is that the eurozone and the UK may increase the pace of interest rate hikes in the next step, further narrowing the interest rate differential between the eurozone and the dollar.
The Bank of Japan's intervention in the currency market also prevented the acceleration of the dollar to some extent**.
The eurozone is now facing soaring energy costs and a recession, but judging by the recent ECB** speech, interest rates will continue to be raised at any cost in order to reduce inflation.
The UK is also facing soaring energy costs, a Scottish referendum, a recession and tensions with the European Union.
Against the backdrop of U.S. interest rate hikes, the Bank of Japan has maintained an ultra-low interest rate monetary easing policy, and recently reiterated that it will not change its easing expectations for the time being. Therefore, this intervention should not want the yen to depreciate so quickly. <>
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The appreciation of the US dollar, the outflow of capital from other markets around the world, and the inflow of a large amount into the US dollar market, will bring huge pressure on the currencies of other countries, and the RMB will depreciate.
1.Since commodities are priced in US dollars, **, ****, etc. will be hit, and China's corresponding production costs may be slightly reduced.
2.The appreciation of the US dollar and the depreciation of the renminbi have greatly promoted the development of China's export industry.
3.The Fed's interest rate hike will cause a massive outflow of Chinese capital, so it may also have some negative effects on China**.
1. U.S. Dollar Index: U.S. Dollar Index (U.S. DollarIndex?)., that is, USDX), is a comprehensive reflection of the exchange rate of the US dollar in the international foreign exchange market, used to measure the degree of change in the exchange rate of the US dollar against a basket of currencies.
It measures the strength of the U.S. dollar by calculating the combined rate of change between the U.S. dollar and the selected basket of currencies, thereby indirectly reflecting changes in the U.S. export competitiveness and import costs.
1.Significance of the rise of the US dollar index: the US dollar index **, indicating the comparison of the US dollar with other currencies**, that is, the appreciation of the US dollar, then the main commodities in the world are denominated in US dollars, so the corresponding commodities **should**.
The appreciation of the US dollar is good for the country's entire economy, increasing the value of the national currency and increasing purchasing power. But there is also an impact on some industries, for example, in the export industry, currency appreciation will increase the export of goods, so it will have an impact on the export goods of some companies. If the United States refers to **, it is the opposite.
The appreciation of the renminbi is relative to other currencies, that is, the purchasing power of the renminbi increases. The reason for the renminbi's appreciation is due to internal dynamics in China's economic system and external pressures.
Internal influencing factors include the balance of payments, foreign exchange reserves, price and inflation, economic growth and interest rates. In 2012, the exchange rate of the renminbi was in a state of flux, and by October 15, 2012, the spot exchange rate of the renminbi against the US dollar hit a new high since 1993.
2.Under normal circumstances, the balance of payments deficit indicates that the supply of foreign exchange exceeds demand, which will lead to the depreciation of the local currency and the appreciation of the foreign currency. Conversely, a balance of payments surplus leads to an appreciation of the local currency and a depreciation of the foreign currency. Since 1994, China's balance of payments has always maintained a double surplus in the current account and capital account, and from this factor, the RMB has appreciated pressure.
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The dollar will fall in the near future! The possibility that the US dollar will continue to fall is closely related to the trend of oil prices, and oil prices will not fall back in the short term. Yes, of course it will be rented. The euro will hit new highs. The euro will definitely come to the above.
In the long run, there is no bright spot in the euro itself, only because the dollar is now weak, so it has risen sharply, and now it is very close to the United States, once the election is clear, market confidence is restored, and the euro will definitely fall. If, after a short period, the euro finds support everywhere and could return to the top.
As for whether it will exceed the historical high, I personally think that there is little hope. The euro will be longer, I plan to make the euro ** to below the ** euro again**, this weekend, the euro back to a good performance.
The origin of the euro.
The euro was the most significant result of European monetary reform since the Roman Empire. The euro not only improves the European single market and makes it easier for the eurozone countries to be free**, but it is also an important part of the integration process of the European Union.
Monaco, San Marino, Vatican City, and Andorra are not EU countries, but since they used to use the French franc, Italian lira, or Spanish peseta as their currency, they also use the euro and authorize the minting of small quantities of their own euro coins. Some non-EU countries and regions, such as Montenegro and Kosovo, also use the euro as a payment instrument. <>
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Since the reform and opening up, the exchange between the renminbi and foreign currencies has gradually transitioned from a complete control to a dual-track exchange rate system. Until the financial crisis in Southeast Asia in 1998, Premier Zhu Rongji promised not to depreciate the renminbi exchange rate in order to help Asian countries tide over the crisis. In between, China's foreign exchange reserves grew rapidly from US$145 billion at the end of 1998 to US$732.7 billion at the end of July 2005.
In July 2005, the People's Bank of China (PBOC) announced the reform of the RMB exchange rate, changing the previous fixed exchange rate system with the US dollar to a managed floating exchange rate system based on market supply and demand, referring to a basket of currencies, and at the same time appreciating the RMB by 2% at one time, from the previous appreciation. Since then, although the RMB exchange rate has had twists and turns, it has maintained a unilateral ** trend, and the current exchange rate of the US dollar against the RMB is around.
The main reason for the continued appreciation of the US dollar against the renminbi after the exchange rate reform is that China has maintained a double surplus in the balance of payments. The export-oriented economy has led to a large accumulation of foreign trade surpluses, and the policy of encouraging foreign investment to attract foreign investment has made the inflow of overseas investment far greater than the amount of outbound investment, and at the same time, China is still controlling under the capital account, funds cannot flow out freely, the RMB can not be completely convertible, and the trading between RMB and foreign currencies can only adopt the principle of actual demand, these factors have led to the imbalance between the supply and demand of the US dollar and the RMB in the closed market in the domestic market, and a large net inflow of US dollars needs to be digested in the country, which can only be solved by the continuous appreciation of the RMB.
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Damn, we are getting poorer and poorer, and the expectation of buying a house is getting more and more distant, but under the introduction of experts, our living standards are always rising, our lives are getting richer and richer, except for income, everything is rising, but we must say that the value of the yuan is underestimated, is our IQ underestimated or are we overestimating the expert's theory? No matter how strong the export is, what benefits do we ordinary people get?