Exploratory thinking of foreign exchange on the export of used clothes and shoes

A few days ago, international crude oil continued to decline. China Used Clothes Network has conducted an in-depth investigation. It was found that the exchange rate of the US dollar remained high, and even continued to climb.

The devaluation of the euro has gone the same way as that of the US dollar in 2008, and it is hard to rebound in the short term

At present, the devaluation of the euro in the world has been very serious. The latest euro/dollar ratio is about 1.09. This has led to a very low cost of euro loans. At present, euro financial institutions have borrowed 160 billion euros from European enterprises. The euro will not collapse in the short term, but it is expected that the monetary policy of the United States will continue to affect the devaluation of the euro. By the end of the year, the euro dollar ratio may fall to about 1.07, and by the second half of 2016, it is expected to rebound.

The US economy performed better than expected, increasing confidence in the capital market

The report released by the American Association for Supply Management on the 5th showed that the US non manufacturing activity index in July was 60.3%, an increase of 4.3 percentage points month on month, the highest level since August 2005. If the index is higher than 50%, it means the expansion of non manufacturing activities, and if it is lower than 50%, it means the contraction of non manufacturing activities. The non manufacturing industry provides about 90% of the non farm jobs in the United States, and its trend directly reflects the health of the overall economy and the labor market. The strong expansion of non manufacturing activities to some extent raised the market's expectation that the Federal Reserve will start to raise interest rates in September. This economic situation also gives the US capital market a good confidence. It is expected that it will not continue to be tough, and the short-term decline is basically hopeless.

The severe winter in the domestic used clothing industry may be prolonged, and the government is called for policy support

Based on the above basic situation of Euro American dollars, we predict that the used clothing industry, which has been difficult to do this year, may maintain its current status for a longer time. It is estimated that the industry in the whole market will recover in the second half of 2016. In this process, in addition to strengthening management and production, the legalization support from the government will be very important for the development of the entire industry. Here, as a relatively authoritative Internet platform for the used clothing industry in China, we hope that the government can provide some favorable support.

Domestic factories are inevitably reshuffled, and the situation of survival of the fittest is obvious

In the future, domestic export-oriented used clothing factories will begin to have a small trend of two-level differentiation. Some factories are full of orders and in the running state, while others are more difficult to reach orders. They can only survive by cutting costs and strengthening management. Here, we would like to say to all factories in China, please insist. We have reason to believe that in this relatively long-term shuffle, the winners will get good returns.

Build brand and pave the way for the future

Although the used clothing industry is a non-standard product industry, we have found that brand and logo are a very important standard for customers to choose through our constant understanding and exploration. For quite a long time, it can be said that more than 80% of the exporters or a small number of them sent unqualified second-hand clothes to customers, which made foreign buyers extremely careful when choosing cooperative factories. Therefore, if you are a new factory, we suggest that you do not blindly seek short-term profits during this period. The quality of the best products will open up a different world for you.