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Today's foreign information | strong! U.S. non-farm payrolls exceeded expectations; RMB depreciation; UK manufacturing shrank; Australian inflation rose;

Jun 06,2023

The United States added 339000 new jobs in May, far exceeding expectations.

 

 

Recently, according to data from the U.S. Bureau of Labor Statistics, the number of non-agricultural employment in the United States increased by 339000 in May, the largest increase since January 2023, with an estimated 195000, and the previous value of 253000 was revised to 294000. The U.S. unemployment rate was 3.7 percent in May, the highest since October 2022, with an estimated 3.5 percent and a previous value of 3.4 percent.

 

 

 

Last Saturday Offshore RMBDevaluation against the dollar, the euro, appreciation against the yen

 

Last SaturdayThe offshore RMB exchange rate depreciated slightly against the US dollar. As of press time, the offshore RMB exchange rate against the US dollar was reported at 7.1086, which was 7.1020 than the closing price of the previous trading day and depreciated by 66 basis points.

Last SaturdayThe offshore RMB exchange rate against the euro depreciated sharply. As of press time, the offshore RMB exchange rate against the euro was reported at 7.6088, which was 7.6409 than the closing price of the previous trading day and depreciated by 321 basis points.

Last SaturdayThe offshore RMB exchange rate against the 100 yen has appreciated sharply. As of press time, the offshore RMB exchange rate against the 100 yen was reported at 5.0700, 5.1100 from the closing price of the previous trading day, an appreciation of 400 basis points.

 

Onshore RMB on Fridayagainst the dollar,The Euro,YenAppreciation

 

Last FridayThe onshore RMB exchange rate appreciated slightly against the US dollar. As of press time, the onshore RMB exchange rate against the US dollar was reported at 7.0830, which was 7.0920 than the closing price of the previous trading day and appreciated by 102 basis points.

Last SaturdayThe onshore RMB exchange rate against the euro has appreciated sharply. As of press time, the onshore RMB exchange rate against the euro was reported at 7.5836, 7.6335 the closing price of the previous trading day, an appreciation of 499 basis points.

Last SaturdayThe onshore RMB exchange rate against the 100 yen has appreciated sharply. As of press time, the onshore RMB exchange rate against the 100 yen was reported at 5.0500, which was 5.1100 from the closing price of the previous trading day and appreciated by 600 basis points.

 

yuan median price last Fridayagainst the euro,Devaluation of the yen, to beautyyuan appreciation

 

Last FridayThe exchange rate of RMB against the US dollar appreciated slightly, and the central parity rate of RMB against the US dollar was 7.0939, 7.0965 26 basis points higher than that of the previous trading day.

Last FridayThe exchange rate of the RMB against the euro depreciated sharply, and the central parity of the RMB against the euro was reported at 7.6321, a depreciation of 434 basis points 7.5887 the previous trading day.

Last FridayThe RMB exchange rate against the 100 yen depreciated slightly, and the central parity of the RMB against the 100 yen was reported at 5.1094, 5.1047 by 47 basis points from the previous trading day.

 

 

 

Asian Clearing Union to launch new cross-border financial settlement system

 

 

Recently, according to Iran's "Le Monde" report, the Asian Clearing Union will launch a new cross-border financial settlement system in June as an alternative to the Global Interbank Financial Communications Association (SWIFT) system. The new system can completely replace the Global Interbank Financial Communications Association system and will be used only by Asian Clearing Union member countries, but other countries can also apply to join.

 

 

 

 

UK manufacturing PMI final for May was 47.1

 

Recently, Standard & Poor's global release of the UK manufacturing PMI final value of 47.1, is expected to be 46.9, the previous value of 46.9, down from 47.8 in April, further below the 50 threshold to distinguish between growth and contraction. The decline in May partly reflected weakness in new orders.

 

 

 

Australia inflation rises to 6.8 percent in April

 

Recently, the Australian Bureau of Statistics announced that the country's overall consumer price index rose to 6.8 per cent month-on-month in April, up from 6.3 per cent in March. The inflation rate also exceeded the 6.4 per cent widely expected by market participants, but was still well below the recent peak of 8.4 per cent reached in December last year.

 

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