Research Team at HSBC, suggests that in the near-term, USD-RMB could continue to track the broader USD passively and the RMB index should be relatively stable as global markets react in a risk-off fashion following Trump’s victory in the US presidential election.
Today the exchange rate is 690.85 from Bank of China on Nov.24th.,2016.
This will affect our export business of welded mesh fence, tubular picket fence. And we are waiting for the new foreign trade policy from US goverment.
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