RMB Exchange Rate Fine Adjustment Or Big Trend
China Foreign Exchange Trading Center announced Monday, 25 days between banks
foreign exchange market
The central parity of the RMB exchange rate was 1 yuan against the RMB 6.5161 yuan, which was 5 basis points higher than the previous trading day.
Market participants say that the US dollar index is still difficult to stop in the short term, and that the exchange rate instrument is still in decline.
Counter inflation
Under the direction of monetary policy, the RMB exchange rate is expected to continue to write a new high in the short term.
On the 25 day of the international foreign exchange market, the US dollar index again showed a sharp downward trend. After a slight rebound in the Asian trading session, the European trading session fell again.
As of Beijing time 25 at 18 o'clock, the US dollar index was 73.94 points, or 0.18%.
Analysts say the US dollar stage weakness is still continuing, and it may continue to bottom down later.
In the inter-bank foreign exchange market, the US dollar is right.
RMB
On the spot exchange rate, the exchange rate rebounded sharply on Monday.
On the same day, the US dollar to the RMB spot exchange rate opened at 6.5111, and rose sharply all day. At the close, the spot exchange rate was 6.5277, or 0.32%.
Analysts said that the performance of spot exchange rate on that day should only be a technical rebound, and the RMB exchange rate will continue to rise in the late stage.
- Related reading
On The 25 Day, The Central Parity Of RMB Against The US Dollar Dropped By 5 Basis Points.
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