RMB Against The US Dollar Can Be Concerned About US Dollar Financing

< p > > a href= "http://www.91se91.com/news/index_cj.asp" > RMB < /a > the weakening of the US dollar is continuing.

Yesterday, the central parity of the RMB against the US dollar once again hit a new low of more than six months ago.

Despite the recent trend of RMB exchange rate is still unpredictable, but two-way fluctuations in the RMB exchange rate will become normal in the future.

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According to the data of China foreign exchange trading center, the central parity of RMB against the US dollar yesterday was 6.1557, down 37 basis points from the previous trading day, and it has hit a new low of more than six months since yesterday. P

This year, the central parity of the RMB against the US dollar has fallen by nearly 1%.

Spot exchange rate opened at 6.2190, closing at 6.2123, up 67 points.

For the recent trend of RMB exchange rate, there are different views in the industry, and we still need to wait for more economic data released in March.

At the regular meeting of the monetary policy committee held in the first quarter of 2014, the central bank proposed to further promote the reform of the RMB exchange rate formation mechanism and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.

In the middle of last month, when announcing the expansion of the floating rate of RMB exchange rate, the central bankers also indicated that the future RMB would be the same as the major international currencies.

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< p > strong > large quantities of foreign exchange should be carried out in batches < /strong > < /p >.

The RMB appreciation against the US dollar has changed from the previous unilateral appreciation to the current two-way fluctuation, and the public's foreign exchange purchase plan should also be adjusted accordingly. P

Bankers suggest that people with large demand for foreign exchange can be considered in batches.

"Before changing into US dollars, I was in line with one principle, that is," the sooner the better, "when it is time to use.

But in recent months, the yuan has been depreciating against the US dollar. I am in my heart wondering when to change the dollar. "The son of Wu, whose son is studying in the United States, remittances to the United States was her" routine action ".

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People with the demand for foreign exchange can begin to pay special attention to the trend of foreign exchange for some time in advance, P said.

If you need to buy a large amount of foreign exchange, you can face a larger exchange rate risk if you buy it all at once, so the public can consider it in batches.

For example, if the public expects that they may need a dollar a year, they can purchase foreign exchange in each quarter of the year, and buy only part of it each time.

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< p > after the central bank announces the expansion of the floating rate of the RMB exchange rate, the fluctuation of the US dollar dollar price may also be more intense than before.

The same exchange rate of US $10 thousand, a week or even a day, may be worth several hundred yuan RMB.

How can we grasp the timing of foreign exchange purchase? "If we buy dollars, the public can pay attention to various statements from the Federal Reserve and regularly released US economic data, and Thursday and Friday are the focus of these remarks and data releases.

In addition, G20 and other important international conferences also need attention.

Similarly, if the citizens need to buy euros, they should pay attention to all kinds of economic data in the euro area, and understand the ECB's monetary policy will help to judge the euro trend in the future.

China Merchants Bank said.

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< p > < strong > just need to pay attention to us dollar financing < /strong > < /p >

While the P has weakened and the proceeds of US dollar financial products have climbed, people who buy US dollar financial products can get both financial and exchange rate fluctuations simultaneously.

Citizens who have rigid demand for the dollar can pay attention to us dollar financial products, and people who do not need to hold dollars do not have to do it, bankers say.

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< p > since this year, the yield level of the US dollar < a href= "http://www.91se91.com/news/index_s.asp" > financial management < /a > has been steadily rising since the decline of last year. Now the expected yield of some US dollar products in the market has reached 5%.

At the same time, the RMB exchange rate has experienced the largest and longest cycle of depreciation since the reform.

In this way, the public purchase of US dollar financial products will also bring the exchange rate earnings from the financial gains and the weakening of the RMB in the same pocket.

However, when the two-way fluctuation of the RMB exchange rate becomes normal, once the RMB is over, the current stage depreciation will resume again, and the purchase of US dollar financial products may suffer exchange rate losses.

Therefore, we must not ignore the exchange rate risk in buying US dollar financial products.

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< p > < < a href= > http://www.91se91.com/news/index_cj.asp > US dollar < /a > financial products are suitable for citizens who have just needed the US dollar or expect us dollar appreciation.

If the public does not hold the needs of the US dollar, it will be more cost-effective to buy RMB financial products. "

China Merchants Bank said.

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