RMB Exchange Rate To New High
The latest data from the China foreign exchange trading center showed that the RMB exchange rate in the RMB exchange rate of 17 days was 6.4716, which was 87 basis points higher than the previous day.
Since the resumption of the exchange reform last year, the renminbi has been trading against the US dollar.
exchange rate
The median price has risen by 5.5%.
The 17 day is the last one before the important time point of "restarting 1st anniversary".
Trading day
The central parity of the RMB against the US dollar has risen sharply.
Market participants expect that there may be new moves in exchange rate policy, which is considered one of the possible changes.
Market participants pointed out that in the short term trend, the US dollar is in a state of rebound recently.
Minor callback
It seems that the central parity of the RMB against the US dollar does not support such a significant increase.
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