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The Acceleration Of RMB Appreciation Against The US Dollar

2011/4/16 18:14:00 67

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Increase Interest Rate And Appreciate RMB Dollar Exchange Rate

Affected by the weakening dollar, this week

RMB to us dollar exchange rate

The trend of appreciation has continued for a month, and it is accelerating.

The five of this week

Trading day

The central parity of RMB against the US dollar, which was announced by the China foreign exchange trading center, rose on the four trading day, a trading day down and the weekly wave amplitude of 139 basis points.

On Monday, the central parity of the RMB against the US dollar increased by 19 basis points on Friday's 6.542 basis, to 6.5401. In the past two weeks, sixth consecutive trading days have hit a new high since 2005.

On Tuesday, the central parity of the yuan against the US dollar fell by 39 basis points to 6.544.

In the following three trading days, the central parity of the RMB against the US dollar broke through the 6.54 pass on Wednesday, rising 139 basis points for three consecutive trading days, all of which reached a new high since the exchange rate reform took place. From Friday to 6.5301, it was only one step away from the 6.53 barrier.

The continued weakening of the US dollar is still an important external factor to promote the appreciation of the RMB exchange rate.

Relative to already entered

Interest rate increase cycle

For the euro area, the expected easing of quantitative easing monetary policy is still weak in the short term.

Affected by this, the dollar trend is still weak this week, the euro and other non US currencies are strong, and the RMB also shows strong.

appreciation

InMomentum.

Some market traders pointed out that due to the recent weakening of the US dollar, the willingness of bank customers to hold the US dollar decreased, and the export companies also accelerated the settlement rate in order to avoid exchange losses. From time to time, the dollar sell-off came from the disk, which also helped to boost the renminbi's momentum.

Considering that the US dollar is still weak, it is expected that the renminbi will remain relatively strong in the near future.

In the last month, the appreciation of the RMB exchange rate has accelerated, breaking through the 6.56, 6.55 and 6.54 juncture.

Even the latest import and export data show that China's first quarter trade deficit in the first quarter of 6 failed to change the appreciation of the renminbi.