NCB Economic and Research Office: RMB continues to fluctuate by 7.2 | NCB RMB Analysis

The U.S. CPI in February was higher than expected, stimulating a rise in U.S. bond yields; China’s financial data last month was weak, the real estate market continued to be sluggish, and the launch of large-scale equipment updates and consumer goods trade-in action plans may provideeconomyGrowth provides…

U.S. CPI higher than expected

According to the latest data, the U.S. Consumer Price Index (CPI) in February was higher than expected, which has had a certain impact on the U.S. economy and financial markets. This data stimulated the yield rate of U.S. bonds to rise, triggering market attention and discussion.

China’s financial data was weak

Meanwhile, China's financial data last month was weak, especially as the real estate market continued to slump. In response to this situation, the Chinese government has launched a large-scale equipment update and consumer goods trade-in action plan, hoping to stimulate economic growth.

Yuan continues to fluctuate

Against this background, the RMB exchange rate has also fluctuated to a certain extent. Nanshang Economic Research Office predicts that the RMB will continue to fluctuate by 7.2%, which will have a certain impact on both import and export trade and the foreign exchange market.

economic growth prospects

There is currently some uncertainty about China's economic growth prospects. By introducing various policies and measures, the Chinese government hopes to stabilize the economic situation and achieve sustainable growth.

Conclusion

In general, the economic trends of the United States and China will have a certain impact on the global economy. We need to pay close attention to changes in various factors, adjust investment strategies in a timely manner, and respond to market fluctuations.