Affected by the conflict between Russia and Ukraine, energy supply shortages and economic recession, there was a rare scene in the euro area: on the 14th local time, the euro-dollar exchange rate in the European foreign exchange market once fell to 1 euro to 0.9953 US dollars, the highest in the past 20 years. minimum level.

How low can the euro go? Once parity is broken for the first time, it could slip to 0.95 in extreme cases, "that would be a slap in the face," German News TV said. Experts believe that whether the euro continues to fall or recover will largely depend on Russia's decision on natural gas supplies.

Exchange rate movements also usually have a direct impact on trade. In the first quarter of this year, the total value of imports and exports between China and the EU was 1.31 trillion yuan, an increase of 10.2%. The depreciation of the euro is conducive to the export of goods to China, especially for export-oriented economies such as Germany, which will bring some changes to China-EU trade, but will not affect China-EU trade structure or exchange rate changes. It is necessary to further play the role of China-EU currency swap, expand the scale of RMB and euro settlement, and protect China-EU bilateral trade and investment from artificial exchange rate risks caused by the use of the RMB exchange rate.

If there are pending orders, our factory -- the top manufacturer of pu foam and silicone sealant, we will give the greatest support on the unit price based on a current exchange rate fluctuation situation.