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Today's Foreign News | Burst! Eurozone inflation slows; RMB appreciation; Brazil's population to a new low; June South Korea exports decline
Jul 06,2023
Eurozone inflation slows to 5.5 percent in June
Recently, Eurostat released preliminary data that year-on-year inflation in the euro area fell by six-tenths to 5.5 per cent in June from the previous month, compared with 6.1 per cent in May, the smallest price rise since January 2022. Of the eurozone countries, Luxembourg had the lowest inflation rate of 1 per cent in June, while Slovakia had the highest rate of 11.3 per cent.
China's central bank: resolutely guard against the risk of exchange rate ups and downs
A few days ago, the regular meeting of the Monetary Policy Committee of the people's Bank of China in the second quarter of 2023 (101st) was held in Beijing. The meeting pointed out that it is necessary to deepen the reform of exchange rate marketization, guide enterprises and financial institutions to adhere to the concept of "risk neutrality", comprehensively implement policies and stabilize expectations, resolutely guard against the risk of exchange rate fluctuations, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.
Offshore RMB yesterdayagainst the dollar,The Euro,YenAppreciation
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 7.2279, 7.2487 the closing price of the previous trading day, an appreciation of 208 basis points.
Yesterday.The 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 7.8759, 7.9122 from the closing price of the previous trading day, an appreciation of 363 basis points.
Yesterday.The 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 5.0000, which was 5.0100 from the closing price of the previous trading day and appreciated by 100 basis points.
Yesterday.Onshore RMBagainst the dollar,The Euro,appreciation of yen
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 7.2190, which was 7.2450 than the closing price of the previous trading day and appreciated by 260 basis points.
Yesterday.The 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 7.8625, 7.8985 the closing price of the previous trading day, an appreciation of 360 basis points.
Yesterday.The onshore RMB exchange rate against the 100 yen appreciated slightly. As of press time, the onshore RMB exchange rate against the 100 yen was reported at 4.9900, 5.0000 from the closing price of the previous trading day, an appreciation of 100 basis points.
Yesterday.RMB median priceto beautyYuan,Euro, yen riseValue
Yesterday.The exchange rate of RMB against the US dollar appreciated slightly, and the central parity rate of RMB against the US dollar was 7.2046, 7.2157 111 basis points higher than 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 5.0171, 5.0171 by 145 basis points from the previous trading day.
Brazil's Population Growth Rate at a New Low for Nearly 12 Years
A few days ago, according to the latest census data released by the Brazilian National Geographic Bureau (IBGE), the total population of Brazil will be 0.203 billion by the end of 2022. IBGE reported that Brazil's total population increased by only 12.3 million, or 6.45 per cent, from the last census in 2010. Brazil's population grew at an average annual rate of 0.52 percent from 2011 to 2022, the lowest growth rate since 1872.
June South Korea exports down 11.7 percent year-on-year
A few days ago, the Ministry of Trade, Industry and Resources of South Korea released a report that South Korea exports in June were 54.24 billion US dollars, down 6.0 percent from the same period last year, and imports in June were 53.11 billion US dollars, down 11.7 percent from the same period last year. The trade balance was in surplus of $1.13 billion in June South Korea, the first monthly trade balance surplus in South Korea since February 2022.
Pakistan's central bank foreign exchange reserves up $0.533 billion
Recently, the foreign exchange reserves held by the central bank of Pakistan increased by US $0.533 billion to US $4.0699 billion. It mainly comes from loans from international financial institutions such as the International Monetary Fund (IMF), the World Bank and the Islamic Development Bank (IDB), as well as international trade and workers' remittances. The increase was primarily attributable to the realization of a $30 billion million gain on government business loans.
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