1. As commodities are denominated in US dollars, crude oil, gold and silver will be hit hard, and the corresponding production costs in China may be slightly reduced.
2. The appreciation of the US dollar and the depreciation of the RMB have greatly promoted the development of China's export industry.
3. Fed's interest rate hike will make China's capital flow out, so it may also have some negative effects on China's stock market.
I. US dollar index: USDollarIndex (USDOLLARINDEX? USDX is an indicator that comprehensively reflects the exchange rate of the US dollar in the international foreign exchange market, and is used to measure the degree of exchange rate change of the US dollar against a basket of currencies. It measures the strength of the US dollar by calculating the comprehensive rate of change between the US dollar and a selected basket of currencies, thus indirectly reflecting the changes in US export competitiveness and import costs.
1. Significance of the rise of the US dollar index: The rise of the US dollar index means that the exchange rate between the US dollar and other currencies rises, that is, the US dollar appreciates. Then the major international commodities are denominated in dollars, and the corresponding commodity prices should fall. The appreciation of the dollar is beneficial to the country's overall economy, raising the value of its currency and increasing its purchasing power. However, it also has an impact on some industries, such as export. Currency appreciation will increase the price of export commodities, so it will have an impact on the export commodities of some companies. If the dollar index falls, the opposite is true.
The appreciation of RMB is relative to other currencies, that is, the purchasing power of RMB is enhanced. The reason of RMB appreciation comes from the internal motivation and external pressure of China's economic system.
The internal influencing factors are balance of payments, foreign exchange reserves, price level and inflation, economic growth and interest rate level. 20 12, the RMB exchange rate has been in a state of ups and downs. By 20 12, 10, 15, the spot exchange rate of RMB against the US dollar hit a new high since 1993.
2. Under normal circumstances, the balance of payments deficit indicates the shortage of foreign exchange, which will lead to the depreciation of local currency and the appreciation of foreign currency; On the contrary, the balance of payments surplus leads to the appreciation of local currency and the depreciation of foreign currency. Since 1994, China's balance of payments has maintained a double surplus in current account and capital account. Judging from this factor, the RMB is under pressure to appreciate.