21 the yuan against the dollar since yuan reform again, creating a faster appreciation of the renminbi, the movements of the elastic increase further establish.

The China foreign exchange trading center data shows, April 21 RMB exchange rate for the dollar the middle price quote, one day earlier 6.5228 went up dramatically 74 basis points, renewed the day before a yuan reform just since the RMB exchange rate to new highs. April 20, the RMB exchange rate for the dollar the middle price quote 6.5294 6.53 first breakthrough, embrace.

Data shows that since April, shows the middle price of RMB exchange rate faster appreciation of the situation. In the past 13 trading day, the yuan appreciation against the dollar, and close to 0.5% in just the past quarter, RMB exchange rate for the dollar cumulative appreciation 1.3%. 2010 3.1% RMB appreciation against the U.S. dollar.

Analysts believe that, in inflation become China's current economic surface principal contradiction in the backdrop, RMB appreciation might become disinflationary slightly to another important monetary policy tools.

"Considering this price increases the characteristics of input type inflation, the yuan could restore the trend of 2008, the flexibility of the exchange rate will increase, appreciation will accelerate, expected years against the dollar renminbi rise 5% ~ 7%." Bank of communications macro-economic analyst TangJianWei think.

Source "Chinese textile nets"

Edit: Emma