Yiwu merchants take the initiative and take multiple measures to respond to the Fed's interest rate cut wave

Jinshi data news on October 11th, from Yiwu small commodity city, it was learned that Yiwu merchants, who have been tested by the market for a long time, are actively taking measures to deal with the Fed's interest rate cut. "Based on past experience, we have taken some measures, such as locking in the Exchange Rate for future large export orders to prevent Fluctuation. Overall, we have strong confidence in the export trade of Yiwu market." Recently, a person in charge of a major foreign trade company in Yiwu, mainly exporting to South America, said. The person in charge said that from past experience, during each interest rate cut cycle, daily consumer goods, necessities, and other consumer zone industries have shown significant improvement. "The export market in Yiwu is mainly based on market procurement trade, and export commodities are priced in RMB, so the pricing of commodities is relatively stable, generally influenced by changes in raw material costs and market supply and demand changes, with little impact from Exchange Rate Fluctuation. In addition, foreign trade enterprises in Yiwu generally adopt a fund pool management method in capital management, implementing the total amount method rather than a single ticket and single exchange, which to some extent also reduces the market's Exchange Rate Fluctuation risk."