RMB Exchange Rate Against The U.S. Dollar Fell Weihai Textile Export Enterprises Welcome Good

< p > "the most direct advantage of RMB depreciation for textile exporting enterprises is increasing profits. This situation is favorable for textile exports."

Chang Hao, director of sales of Weihai silver embroidery group, accepted the author's telephone interview.

< /p >

< p > the staff of the Municipal Bureau of Commerce wrote an account to the author: the orders for textile and clothing enterprises are generally 3 to 6 months. If an order sent to Europe and the United States is 10 thousand dollars, the enterprise spent 60 thousand yuan to go to the market to purchase goods, and after delivery 3 months later, the other side enterprise came to 10 thousand dollars, and the exchange rate is 6.2 at that time. Then the RMB that the actual enterprise exchanges is RMB 62 thousand yuan, the difference between 2 thousand yuan is the profit that the enterprise increases.

< /p >

"P > Rushan Carrie < a href=" //www.sjfzxm.com/news/index_c.asp "> clothing < /a > Co., Ltd., a manager named Wang, is deeply touched by this.

He told me that the depreciation of the renminbi has made the textile and garment export enterprises which have long been under the pressure of cost a little bit of a sigh of relief.

< /p >

< p > Rushan Jiali garment company has 50 thousand new orders in March, and has exported 30 thousand pieces, < a href= "//www.sjfzxm.com/news/index_c.asp" > order > /a > enough.

Some enterprises also indicated that although the depreciation of the RMB did not immediately bring about a marked increase in export orders, it still reduced the pressure of export cost. This is a good news for textile and garment enterprises, and to a certain extent, buffers the pressure brought by the rising labor costs and so on this year.

< /p >

< p > I learned from the Municipal Bureau of commerce that from 1 to February this year, our city's a href= "//www.sjfzxm.com/news/index_c.asp" > textile and garment > /a > accelerated the pace of exports, and the volume of exports exceeded 200 million US dollars in January, an increase of 29.1%.

In February, the trend of growth was even more obvious. 1022 textile and garment export enterprises, an increase of 20 over the same period last year, and a high starting rate of production enterprises.

< /p >

< p > the first 100 key textile and garment export enterprises in the city within 3 months, the contract amount of short-term orders nearly 600 million dollars, an increase of 5.1% over the same period.

In March, under the influence of the international environment, textile and garment export enterprises will have greater breakthroughs.

< /p >

< p > related links: < /p >

In the Asian market on Monday (March 31st), the US dollar strengthened against the yen at the 103 pass. The exchange rate broke through the important resistance area on the 102.70/80 line last Friday, and it will challenge P in the short term or even further to the 103.30.

< /p >

< p > data released last Friday (March 28th) showed that the US consumer confidence index of University of Michigan in March was higher than the initial value, but still below the February level, because consumers were less optimistic about the overall economic outlook.

According to the data, the US consumer confidence index of University of Michigan in March was revised to 80 from 79.9, less than expected 80.5, and the final value in February was 81.6.

The core PCE price index released by the US Department of Commerce in February met the expectations of the market. In February, the core PCE price index rose by 1.1% in February. It still has a small distance from the Fed's inflation target.

< /p >

P, technically, the US dollar strengthened against the yen.

Technical indicators MACD (12, 26, 9) main lines and signal lines run above the zero axis, indicating that price trends are rising.

The relative strength index RSI is above the central axis, and the trend is biased towards strong.

< /p >