RMB exchange rate against US dollar hits new high

时间：2007-03-20 06:19:07

（单词翻译:单击）

Mar1.20 - The exchange rate of the renminbi (RMB) against the US dollar hits a new high on March 19. The central parity2 of the RMB against the US dollar is 7.7351 yuan to one US dollar on March 19, the China Foreign Exchange Trading System announced.

 

According to Chinadaily, China on March 17 announced it would raise interest rates for the third time in 11 months to curb3 inflation and reduce asset bubbles. The one-year benchmark lending rate was raised to 6.39 percent, its highest in almost eight years, from 6.12 percent, according to the People's Bank of China. The one-year deposit rate was increased to 2.79 percent from 2.52 percent. Both increases were effective yesterday.

 

The interest rates hike will increase the pressure of RMB's appreciation4 to a certain extent, said experts.

 

分享到：


点击收听单词发音收听单词发音  

1 mar f7Kzq     
vt.破坏，毁坏，弄糟
参考例句：
  • It was not the custom for elderly people to mar the picnics with their presence.大人们照例不参加这样的野餐以免扫兴。
  • Such a marriage might mar your career.这样的婚姻说不定会毁了你的一生。
2 parity 34mzS     
n.平价，等价，比价，对等
参考例句：
  • The two currencies have now reached parity.这两种货币现已达到同等价值。
  • Women have yet to achieve wage or occupational parity in many fields.女性在很多领域还没能争取到薪金、职位方面的平等。
3 curb LmRyy     
n.场外证券市场，场外交易；vt.制止，抑制
参考例句：
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。
4 appreciation Pv9zs     
n.评价；欣赏；感谢；领会，理解；价格上涨
参考例句：
  • I would like to express my appreciation and thanks to you all.我想对你们所有人表达我的感激和谢意。
  • I'll be sending them a donation in appreciation of their help.我将送给他们一笔捐款以感谢他们的帮助。

©2005-2010英文阅读网