RMB Exchange Rate Accelerated Before Sino US Dialogue
The RMB of the China foreign exchange trading center broke through the 6.50 yuan mark at the intermediate price of the dollar in April 29th, closing a new high since the renewal of foreign exchange earnings.
Traders pointed out that
dollar
The prospect is dim, the Sino US talks are coming soon, and China's high inflation pressure and so on.
RMB appreciation
The big trend has been fixed, but the small adjustment in the fast rising trend will be inevitable.
A bank trader in Shanghai said that the central parity of RMB was broken up, and its appreciation trend was more obvious.
"Everyone is mainly selling (US dollars)."
The spot exchange rate of RMB against the US dollar increased by 0.89% in April.
28 days ago, traders said that the central bank had 6.50 dollar positions in the US dollar, that is, buying the US dollar, otherwise the exchange rate would probably have exceeded 6.50 integer pass.
In addition, in the case of
Sino US strategy
On the eve of the economic dialogue, US Senator Schumer said in April 28th that he was "more convinced" that it was necessary to pass legislation to force China to raise the exchange rate of the renminbi against the US dollar.
Zhou Xiaochuan, governor of the people's Bank of China, recently stressed the need to enhance the flexibility of financial macro-control and monetary policy.
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