The hottest spot exchange rate of RMB broke 612 fo

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The paper industry benefited from the spot exchange rate of RMB breaking 6.12 for the first time

affected by the decline of the US dollar index for three consecutive days, the central parity rate of the RMB against the US dollar rose for three consecutive days, and the spot exchange rate hit a new high of 6.1193 after the exchange reform yesterday

the weakness of the main economic data of the United States has hit the market's expectation that the United States will reduce QE. In the international exchange market overnight, the exchange rate of the US dollar against major currencies generally continued to fall, and the US dollar index also fell for three consecutive days

in this context, the latest data from the China foreign exchange trading center showed that on August 7, the central parity rate of the RMB against the US dollar was 6.1726, which was 27 basis points higher than the previous trading day. This was the third consecutive trading day that the central parity rate of the RMB against the US dollar rose

at the same time, the data of the foreign exchange trading center also showed that the spot exchange rate of the RMB against the US dollar also broke the integer mark of 6.12 in one fell swoop in the afternoon, closing at 6. Spare parts and spare parts were prepared in advance 1193 hit a new high, but the whole day's fluctuation range is still narrow, up only slightly less than 30 basis points from the day before yesterday

in terms of the paper industry, the appreciation of RMB is beneficial to the paper industry mainly in three aspects: first, the actual price of raw material imports fell. Relevant statistics show that at present, 70% of the raw material pulp of the paper industry depends on imports, and the degree of external dependence remains high. China is now a major importer of paper pulp that should be adjusted or cleaned, and the consumption of pulp accounts for more than half of the world. The appreciation of RMB will lead to the decline of the actual price of imported raw materials. Second, the cost of imported machinery and equipment fell; Third, the existing foreign debt repayment cost of paper enterprises has decreased

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