Yuan Likely to Climb on Worries of US Slump
考研英语
时间: 2019-04-08 14:17:14
作者: 匿名
The yuan is likely to rise this week as the US dollar continues to weaken on worries of a possible US slump.
The yuan ended at 7.2485 on the China Foreign Exchange Trade system in Shanghai from 7.2620 a weak earlier.
Last week, Citigroup and Merrill Lynch reported huge losses in the fourth quarter of 2007 due to the subprime crisis.
Citigroup lost US$9.8 billion while Merrill Lynch suffered a US$9.83 billion loss in the fourth quarter.
The turmoil spread over into the US stock market, leading to concerns the US economy may fall into a recession.
A faster appreciation of the yuan is likely amid China's tight monetary policy to fight inflation.
The yuan ended at 7.2485 on the China Foreign Exchange Trade system in Shanghai from 7.2620 a weak earlier.
Last week, Citigroup and Merrill Lynch reported huge losses in the fourth quarter of 2007 due to the subprime crisis.
Citigroup lost US$9.8 billion while Merrill Lynch suffered a US$9.83 billion loss in the fourth quarter.
The turmoil spread over into the US stock market, leading to concerns the US economy may fall into a recession.
A faster appreciation of the yuan is likely amid China's tight monetary policy to fight inflation.
猜你喜欢
-
- 03-08考研英语常用123个成语(4)
- 03-092018年考研英语翻译高频词汇(五)
- 03-082012考研英语辅导翻译部分专项点评
- 04-08atom的解释含义及用法例句
- 04-08Tribune shareholders back $8.2 mln buyout plan
- 03-082012考研英语辅导写作不是苦差事
- 03-082013年考研英语小作文模板：申请信及投诉信
- 04-08面对2014考研英语作文无话可写怎么办？
- 04-08三招变身单词达人
- 04-082019考研英语：三招让你夯实基础