RMB Enters The 6.3 Era With Us Dollar

In January 13th of this year, RMB The exchange rate broke through the 6.60 pass first, followed by "flying down" until April, breaking the 6.50 pass on the 29 th, and then losing 6.40 points yesterday, from 6.60 to 6.50, and then from 6.50 to 6.40, which were separated by 105 days and 103 days respectively.

Earlier this month, Zhu Baoliang, chief economist of the China National Information Center's Economic Forecasting Department, said in an interview that if the US credit rating was downgraded, our country would be lowered. Central Bank It will face enormous pressure on RMB appreciation. A prophecy!

On the evening of August 5th, the S & P downgraded the US sovereign credit rating from AAA to AA+. It is from August 5th that the appreciation of RMB seems to have entered the era of "accelerated run".

As of yesterday (August 11th), the central parity of RMB against the US dollar was 6.3991, or 6.40, while the 176 base point's single day increase also hit a 9 month high.

"Although it was expected to rise in the past, the magnitude is still beyond. market Overall expectations. " A foreign exchange trader at East China bank yesterday said in an interview with the daily economic news reporter.