The Euro Has Renewed Its 11 And A Half Year Low Against The US Dollar.

On Friday (March 6th), the euro was down again against the US dollar in the European market, refreshing 11 and a half new lows of 1.0968, with support being 1.0950. The European Central Bank launched its debt purchase plan next Monday (March 9th) to continue to press the euro, while the non farm payrolls data released at the end of the night are expected to be good, adding to the empty atmosphere.

The European Central Bank maintained yesterday interest rate Invariable, President Delaki announced the details of QE purchase at the press conference. He temporarily did not include Greek bonds into the purchase area, and at the same time raised the euro area's economic and inflation prospects.

The euro still has downside risks against the US dollar, but before the announcement of NPO data in the evening, Exchange rate The decline is limited. Peng Bo's 90 economists expect an increase of 235 thousand in the medium term. However, influenced by the weather, many investment banks voicing, the non-agricultural employment data released this time will be less than expected.

The US dollar index has been renewed for a 11 year high of 96.69, and the euro has fallen to 0.7213 against the British pound for seven years. gbpusd Fell to a new low 1.5204.

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Zhang Shenfeng, chairman of China Financial Futures Exchange, said on Thursday (March 5th) that the next step is to speed up the innovation of financial futures products, gradually launch other key term treasury futures and options contracts, and timely launch short-term interest rate futures, so as to match the interest rate liberalization and improve the yield curve of treasury bonds.

Zhang Shenfeng pointed out that the next step will be to actively promote the listing of equity derivatives and provide directional and volatile risk management tools for economic transformation and upgrading.

In terms of exchange rate products, CICC will seize the market reform of RMB exchange rate, speed up the process of RMB capital account convertibility and the construction opportunities of Shanghai Free Trade Zone, and timely introduce cross exchange rate futures and RMB foreign exchange futures and options.

Compared with the international financial derivatives market, China's field financial futures market started late and the varieties were few. The international competitiveness of the financial derivatives market was insufficient, mainly reflected in the small number of varieties, the small insurance coverage, the "hedge" of hedge services, and the low spot coverage, indicating that there is still much room for the future of the financial futures market.

He said that China's financial derivatives not only started late, but also developed slowly, failed to form a backwardness advantage, and the international competitiveness of the local financial derivatives market needs to be improved.

The China Financial Futures Exchange has listed five - year treasury bond futures. China's Ministry of finance has released the yield curve of several key term treasury bonds in 1, 3, 5, 7 and 10 years. From the international market, 10 - year treasury bond futures and five - year treasury bond futures are the two most important treasury bond futures products.