because Germany poor bond sales

Global economy are competition who is the ugliest, resulting in huge countries exchange rate turbulence. When there is no direction in the market diablo 3 gold, is the best time of RMB exchange rate to increase two-way volatility. Appreciation of the Renminbi must not be under pressure, it is in China for manufacturing bring ruin upon oneself, China also cannot let the Renminbi exchange rate still intact. Therefore, expanding the fluctuation interval to be the best approach. From the exchange rate of the euro and the dollar priceSee, currently on the market has not knows what currencies may not be unilaterally rising or falling trend. On November 23, 1.3341 fell to EUR/USD closed a six-week low, because Germany poor bond sales, Germany staged sell from buy farce planned EUR 6 billion 10-year bond auction, eventually sold only 3.644 billion euros, GermanyNearly 40% of the Central Bank was forced to buy the remaining bonds – investors panicked State of mind to expand further against the euro. Euro not homeopathy fall, Beijing time on November 24 at 7 o'clock, euro-dollar gradually reverted to 1.3381. K-line stretched to months, has gone through three rounds of the euro can be seen very obvious downs: from the crash of 2008 to the end of the year, 2009 plunge of the year from November to May 2010, April 2011 fall so far. Starting early last year, European debt crisis intensified in the second half of this year. The strange thing is, the euro fell and not out of unilateral, but after a wheel fell, followed by a massive increase, and shock, while the highest downlink of a distance of 1.6, but the reboundStill can reach the height of 1.5. This shows that investors in the global economy, widespread panic. Investor attention to the European debt crisis, the euro, investors eye occasionally glance at United States debt disputes, deficit of us $ party struggles give investors dare not go chasing rising dollar. In volatile markets, investors in addition to keep euro or European debt short, was let goThe yen and Swiss francs, this is really a coward generals – not the worst, only more rotten. However, unwilling to be fish of Japan and Switzerland's Central Bank, announced suddenly intervened in currency, betting encounter gunnin ' Phoenix Suns explosive cartridge. Expanded two-way volatility of Renminbi exchange rate the best reason is that the market formation stability of the renminbi is not expected. This year, the Yuan-dollar reference rateLargest increase over 4.6%; since the third quarter, exchange-rate flexibility is significantly increased. Calculated according to the Bank for international settlements, the third quarter of 2011, nominal effective exchange rate appreciation of the Yuan 1.58%, 4.24% real effective exchange rate appreciation. After the national day holiday this year has been more than 6 weeks time, week cumulative of the Yuan central parity against the dollar were mixed basis points-213, 134, respectively, 125-152 and-231, and unilateral move up 6 July this year compared to the situation, prospect of RMB's appreciation has been signs of weakening. Market for Yuan love/hate, see Europe, the United States, such as China and India forced appreciation, betting on Yuan; fear that the real economy weakens and short peoplePeople coin. There is no doubt that, at $ 3.2 trillion in foreign reserves in the hands of China, also increases the pressure of RMB appreciation in the world. But this is political pressure rather than market pressures. Since the second quarter, offshore stock lower, and often lower than the domestic market, indicating the foreign investor is not optimistic about the Renminbi. Outflow of funds gradually within the market in October, financialAgency added Exchange account for the first decline in nearly 4 years, in the case of foreign direct investment and foreign trade surplus remains, notes significant increase in the speed and scale of capital outflow in China, short of RMB and China's economic strength is growing. The other hand, due to the weakening of the domestic economic situation, October purchasing managers ' index fell to below 50 shows contractionStrongly in the period. Under the current situation, as long as China doesn't launch massive stimulus, RMB exchange rate cannot be increased substantially, the maximum may be related to the euro, relative to from dollar fluctuations. Forced in front of the problem is that due to the European debt crisis in Europe in the world to withdraw funds, funds of about $ 1.6 trillion in Asia may withdraw, increasing Asian financial sector deleveragingThe risk of. At this point, in Asia, including China financial pressure will only increase, not diminish. Therefore, relax bi-directional wave, will never cause a drastic appreciation of the single. Neighbouring India rupees has been pushed to a record low, exchange rate pressures following short-term downside was its future possibilities. Good initiative to expand when volatility in the market of RMB exchange rate, is confident the independentFlag. On November 19, Premier Wen Jiabao said China is paying close attention to recent changes in the RMB exchange rate diablo 3 power leveling, it would allow two-way volatility of exchange rate flexibility. Now US dollar spot rate difference between the selling price and the purchase price shall not exceed the trading price of 1% and interbank foreign exchange market trading of the dollar against the Yuan in Bank US dollar transactions in the middle price up and down 0.5% Within the range of a floating, expanding 1 time or even twice times, appreciation of the Renminbi will not unilaterally and then crash. Premise is that the Government does not stimulate economic pursuit of GDP, not to broaden the foreign exchange reserves, not to act as a Savior of the global economy.