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"Surprise! Global manufacturing down; RMB appreciation; India's foreign reserves stable; Japan's economic growth"
Jun 12,2023
The global manufacturing purchasing managers' index was 48.3 percent in May.
Recently, the China Federation of Logistics and Purchasing released data, the global manufacturing purchasing managers' index in May was 48.3, down 0.3 percentage points from the previous month, the third consecutive month of decline, the eighth consecutive month of less than 50%, the lowest since June 2020.
Yesterday.Offshore RMBappreciation against the dollar, yesEuro, yen depreciation
Yesterday.The offshore RMB exchange rate against the US dollar has appreciated sharply. As of press time, the offshore RMB exchange rate against the US dollar was reported at 7.1176, 7.1449 the closing price of the previous trading day, an appreciation of 273 basis points.
Yesterday.The offshore RMB exchange rate against the euro depreciated sharply. As of press time, the offshore RMB exchange rate against the euro was reported at 7.6680, which was 7.6412 than the closing price of the previous trading day and depreciated by 268 basis points.
Yesterday.The offshore RMB exchange rate against the 100 yen depreciated sharply. As of press time, the offshore RMB exchange rate against the 100 yen was reported at 5.1200, which was 5.1000 from the closing price of the previous trading day and depreciated by 200 basis points.
Yesterday.Onshore RMBappreciation against the dollar, yesEuro, yen depreciation
Yesterday.The onshore RMB exchange rate against the U.S. dollar has appreciated sharply. As of press time, the onshore RMB exchange rate against the U.S. dollar was reported at 7.1120, which was 7.1340 than the closing price of the previous trading day and appreciated by 220 basis points.
Yesterday.The onshore RMB exchange rate against the euro depreciated sharply. As of press time, the onshore RMB exchange rate against the euro was reported at 7.6612, which was 7.6258 than the closing price of the previous trading day and depreciated by 354 basis points.
Yesterday.The onshore RMB exchange rate against the 100 yen depreciated sharply. As of press time, the onshore RMB exchange rate against the 100 yen was reported at 5.1100, which was 5.0800 than the closing price of the previous trading day and depreciated by 300 basis points.
Yesterday's RMB median priceto beautyDollar, euro depreciation, appreciation against yen
Yesterday.The exchange rate of RMB against the US dollar depreciated slightly, and the central parity rate of RMB against the US dollar was reported at 7.1280, a depreciation of 84 basis points 7.1196 the previous trading day.
Yesterday.The exchange rate of RMB against the 100 yen appreciated slightly, and the central parity rate of RMB against the 100 yen was 5.0910, 5.1004 94 basis points higher than the previous trading day.
India's foreign exchange reserves hit 595.1 billion dollars, economy expected to grow
8, India's central bank governor Shaktikanta Das said the country's foreign exchange reserves reached $595.1 billion. The Indian rupee has remained stable since January. In addition, India's central bank expects India's GDP to grow by 6.5 in fiscal year 2024. India's GDP growth rate is expected to reach 8% in the first quarter of fiscal year 2024.
Japan's first-quarter economic growth rate sharply revised to 2.7 percent
Recently, according to data released by the Japanese government, GDP in the first quarter grew at an annual rate of 2.7 percent from the previous quarter, exceeding the initial value of 1.6 percent and exceeding expectations of 1.9 percent. Increased business investment was one of the main factors behind the rise in GDP, and inventories also helped boost the GDP figure.
Spain's retail trade up 0.9 percent in April
A few days ago, data released by the Spanish National Bureau of Statistics showed that the Spanish retail trade index RTI in April increased by 0.9 between March and April, indicating that retail activity has increased, which is 20 higher than the previous month. For the year, after adjusting for seasonal and calendar effects, the RTI for April 2023 changed 5.5 percent from the same month of the previous year.
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