The central parity of the renminbi fell below 6.9 for the first time in eight years

RMB exchange rate against the US dollar continued to fall
Just one day after the stop, the RMB exchange rate began to continue to break down. Data show that overnight (23) late, the inter-bank market, the yuan against the dollar fell below 6.9 mark, the new low to eight years to 6.9190; and today (24) opened the break 6.92 mark, the lowest fell to 6.9270. At the same time, the offshore market, the yuan against the dollar spot rate of 6.95 mark fell, fell 0.6 percent to 6.9544. In the morning, offshore RMB fell below 6.96 to 6.9650 further. Source: Sina Finance China Foreign Exchange Trade Center data released today morning, the central parity of the RMB against the US dollar after 12 consecutive trading days after the continuous decline, only in the November 22 rebound; following the November 23 to regain the fall Potential, the 24 day and down 181 basis points to 6.9085, another more than eight years to a new low. Source: China currency network renminbi lower price, there are five people most injured. Dollar index refresh 13 years and a half high and overnight RMB from the shore of the yuan against the dollar fell sharply corresponding to the dollar index is triumphantly. Data show that yesterday, the dollar index rose 0.64%, closing at 101.6664, the highest rose to 101.9088 level, once again refresh the 13-year and a half since the new high. In fact, the dollar index on November 21 after a sharp correction, many analysts believe that the US dollar in December before the rate hike may usher in a wave of callback. However, yesterday's strong economic data released by the United States shows that the economy is still steadily growing track, further announced the Federal Reserve in December and before the rate hike expectations. Data show that the United States announced in October durable goods orders rebounded 0.4% in September to decline; the number of claims for unemployment benefits last week for 90 consecutive weeks less than 300,000, the data raised several times to raise interest rates is expected. After the victory in Trump, the US consumer confidence this month has improved. Consumer confidence index rose to 93.8, almost all income classes, age and consumer confidence throughout the country are growing. In addition, according to CMEFedWatch, the market is expected to raise interest rates in the Fed in December the possibility of nearly 100%. Federal Reserve this morning announced this month monetary policy meeting also directed at the rate hike. The above factors once again to the vitality of the dollar, but also the majority of non-dollar currencies pulled from the rebound. In the yuan against the dollar fell sharply overnight, the euro against the dollar fell 0.72% to 1.0552, the lowest to 1.0525, refresh nearly a year low; the yen against the dollar fell by 1.21%, intraday minimum to 112.97; Swiss franc against the dollar The exchange rate also fell more than 0.5%, today after the opening continued to fall, the lowest to 1.0190. In fact, despite the continued strength of the dollar index, the yuan against the dollar continued to fall, but the yuan against other non-dollar currencies are still strong. Wind data show that since the resumption of gains since November 7, the dollar index has risen by 5%, while the RMB exchange rate against the dollar during the same period fell less than 2.5%. At the same time, the euro against the dollar fell 5.5%; the Swiss franc against the dollar also fell more than 5%; yen against the dollar fell by more than 10%. More intuitively, since November 7, the RMB against the euro spot rate rose more than 2.8%; RMB against the Swiss franc spot exchange rate also appreciated more than 2%; while the RMB exchange rate against the yen rose more than 6 %. In addition, the latest data released by the China Foreign Exchange Trade Center, November 18 CFETS RMB exchange rate index 94.54, compared with the previous week raised 0.21 basis points. Reference to BIS and SDR currency basket of RMB exchange rate index were reported 95.89 and 95.33, respectively, up 0.38 and 0.22 basis points. "In the RMB exchange rate against the US dollar at the same time, the RMB against a basket of currency exchange rate remained stable, but also a slight appreciation, the total market to see the RMB exchange rate fluctuations and no worries." The central bank website on November 4 reproduced in Chinese currency Special commentator article pointed out. China Foreign Exchange Investment Research Institute President Tan Yaling also believes that excessive attention to the RMB exchange rate against the US dollar is not conducive to stability, security and awareness. RMB against the US dollar, the RMB exchange rate index, the RMB against the SDR basket currency and the RMB against the BIS basket currency, this combination is concerned with a balanced and comprehensive understanding of the exchange rate fluctuations. China's gold, "break 7" pressure Source: Oriental IC gold research institute chief economist Zhao Qingming that the recent depreciation of the yuan, mainly from the dollar index continued to strengthen. He is relatively stable in accepting daily economic news, if the dollar continues to strengthen, then the yuan will be relatively weak. Tan Yaling told reporters earlier, in the case of the dollar index down, the yuan against the US dollar exchange rate fluctuations will be more limited, because the depreciation of the renminbi will increase the inertia. It is expected that the yuan against the US dollar may be "broken 7" before the end of the year and then rebound. Huatai Securities Chief Macro researcher Li Chao said in the research report, the RMB exchange rate continued to break through 6.70 and 6.80 two integer mark in the process, the central bank for the devaluation of the renminbi generally maintained a default attitude, and no similar to 2015, "8.11" Changed after the clear statement. It is expected that the yuan will continue to take the trend of the exchange rate against the US dollar and raise the exchange rate forecast for the yuan at the end of the year to 6.95, but maintain the forecast range of 6.95 ~ 7.05 next year. Although the short-term RMB exchange rate is still facing "broken 7" pressure, but many experts said that in the long term, the RMB does not have the conditions for sustained devaluation. Yu Yongding, a member of the Chinese Academy of Social Sciences, argues that the fundamentals of China's economy do not support the devaluation of the renminbi. Even if the exchange rate appears temporarily overshoot, and ultimately will return to the level determined by the fundamentals. Moreover, China also has the capital control of the last line of defense, there is no need for short-term, volatility devaluation too worried. Peking University National Development Institute Xu Yuan said yesterday, "(RMB) short-term maximum impact is what is the currency to match again. (I) would like to emphasize that the currency match and long-term exchange rate down two Concept, and now is a one-time impact rather than a long-term trend from the long-term trend, the fundamentals of the yuan is not bad. "These five people most hurt Source: CCTV Finance


117843000:2017-04-05 17:34:40