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Eurozone trade deficit; RMB devaluation; Brazil's export growth; South Korea unemployment rate to a new low

Jun 27,2023

 

The euro zone's international trade deficit in goods in April was 11.7 billion euros.

 

 

A few days ago, according to data released by Eurostat, in April 2023, the euro zone's merchandise exports to the rest of the world were initially estimated at 216 billion euros, down 3.6 percent compared with April 2022; imports were 227.7 billion euros, down 11.9 percent year-on-year. In April 2023, the Eurozone's trade in goods deficit with the rest of the world was € 11.7 billion.

 

 

Major Russian banks cut dollar, euro against ruble

 

Recently, Russia's major banks began to lower the exchange rate on the same day after sharply raising the exchange rate of the US dollar and the euro. At present, most major Russian banks offer a dollar-ruble exchange rate of slightly less than 90, and the euro-ruble exchange rate is slightly lower than 100. At its highest point, the exchange rate of the Ross Bank (Rosbank) reached 105 rubles for 1 dollar and 115 rubles for 1 euro.

 

 

Last Saturday Offshore RMBagainst the dollarDevaluation, yes.The Euro,yen upValue

 

Last SaturdayThe offshore RMB exchange rate against the US dollar depreciated sharply. As of press time, the offshore RMB exchange rate against the US dollar was reported at 7.2126, which was 7.1943 than the closing price of the previous trading day and depreciated by 183 basis points.

Last SaturdayThe offshore RMB exchange rate against the euro has appreciated sharply. As of press time, the offshore RMB exchange rate against the euro was reported at 7.8564, 7.8802 from the closing price of the previous trading day, an appreciation of 238 basis points.

Last SaturdayThe offshore RMB exchange rate against the 100 yen appreciated slightly. As of press time, the offshore RMB exchange rate against the 100 yen was reported at 5.0200, which was 5.0300 from the closing price of the previous trading day and appreciated by 100 basis points.

 

Last FridayOnshore RMBagainst the dollarDevaluation, yes.The Euro,YenAppreciation

 

Last FridayThe onshore RMB exchange rate depreciated slightly against the US dollar. As of press time, the onshore RMB exchange rate against the US dollar was reported at 7.1782, which was 7.1777 than the closing price of the previous trading day and depreciated by 5 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 7.8187, 7.8631 the closing price of the previous trading day, an appreciation of 444 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 4.9900, which was 5.0100 from the closing price of the previous trading day and appreciated by 200 basis points.

 

yuan median price last Fridayto beautyYuan,The Euro,Devaluation of the yen

 

Last FridayThe exchange rate of RMB against the US dollar depreciated sharply, and the central parity rate of RMB against the US dollar was reported at 7.1795, 7.1596 by 199 basis points compared with 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 7.8396, a depreciation of 170 basis points 7.8226 the previous trading day.

Last FridayThe exchange rate of the RMB against the 100 yen depreciated sharply, and the central parity of the RMB against the 100 yen was reported at 5.0795, 5.0467 by 328 basis points from the previous trading day.

 

 

 

Brazil's total agricultural exports up 5.8 percent year-on-year in first five months

 

 

A few days ago, according to a report released by the Brazilian Ministry of Agriculture, from January to May this year, Brazilian agricultural exports totaled US $67.3 billion billion, an increase of 5.8 percent compared with the same period in 2022. The export performance of Brazilian agribusiness in May increased significantly, totaling US $16.78 billion billion, up 11.2 per cent year-on-year.

 

 

South Korea May unemployment rate record low, over 60 years old into the new main force

 

A few days ago, according to data from the South Korea Statistics Office, South Korea's unemployment rate fell to its lowest level in May, from 2.6 percent in April to 2.5 percent in May. The number of people in employment increased by 351000 over the same period last year, slightly lower than the 354000 in April. The overall increase in employment was mainly led by people aged 60 and over, with the number of jobs in this group increasing by 379000 over the period.

 

Nepal launches WeChat mobile payment service

 

Recently, WeChat Pay was launched in Nepal. Tencent and Nepal NMB Bank launched WeChat mobile payment service in Nepal. Prior to this, in May 2019, Nepal issued a ban on the use of international payment systems such as WeChat, Alipay and cross-border POS machines in order to protect its economic security and overseas income.

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