The Yuan'S Opening Up And Closing Low And The Purchase Of Foreign Exchange Orders Are Increasing.

The spot exchange rate of RMB against the US dollar (6.2341, 0.0086, 0.14%) rose sharply on Wednesday (May 7th), and it fluctuated nearly two hundred points throughout the day. The central parity of RMB is higher than that of the international dollar. However, when the spot price is high, the fluctuation is less than 100 points.

At the close, the US dollar / Renminbi inquiry system closed at 6.2348, an increase of 84 points compared with the previous trading day.

Traders said that the recent rapid appreciation of the renminbi to the early consolidation of the region after the cautious mood warming, coupled with the market for tomorrow's trade data released in April have different predictions, all today's appreciation of the twists and turns. There are traces of buying and selling foreign currency in the oil market, and also help to expand the market.

According to the data released by Hongkong Finance Association, the fixed price of US dollar / Renminbi (Hongkong) spot exchange rate in May 7th was 6.2350/70.

"There are oil purchasing factors, but today the total number of foreign exchange purchases is higher." A head of the stock exchange said.

Another stock line trader thinks that the current market is intertwined with factors, and the US dollar index (79.1400, -0.0100, -0.01%) is falling, but tomorrow's trade figures are not very good. It is felt that today's foreign exchange purchase is more than the first two days.

However, a coastal foreign trade enterprise finance personage thinks, from this week the rapid rise of the renminbi and no obvious resistance market conditions, guess that the trade data may be better, so that the regulators will let go. appreciation Space.

The latest Reuters poll shows China in April Import and export data It may continue to show negative year-on-year growth, but it has eased somewhat. The trade surplus has also increased since last month. A few agencies even expect to break through the $20 billion level.

The median survey of 18 analysts surveyed showed that exports and imports in April dropped by 1.7% and 2.3% respectively over the same period last year, compared with the corresponding decline of 6.6% and 11.3% in March. The trade surplus increased from 7 billion 710 million US dollars in March to US $13 billion 900 million in that month.

Yu Yongding, a member of the Chinese Academy of Social Sciences, said recently that the depreciation of the renminbi in the first quarter was mainly the result of intervention by the central bank. From now on, China's "double surplus" situation will not change. Under such circumstances, the depreciation of the renminbi will not become a long-term trend.

　　 Offshore market Over the past 1 years, the US dollar / RMB non deliverable forwards were quoted at RMB 6.2220/70 yuan.

The Central Bank of China emphasized in the first quarter monetary policy implementation report that it will further improve the formation mechanism of RMB exchange rate marketization, increase the market's determination of exchange rate, enhance the two-way floating elasticity of RMB exchange rate, and maintain the stability of the RMB exchange rate at a reasonable and balanced level.

The Hong Kong dollar (7.7511, -0.0007, -0.01%) / RMB inquiry system closed at 0.80432, an increase of 12 points compared with the previous trading day; the 100 yen / RMB inquiry system closed at 6.1419, an increase of 390 points compared with the previous day; the euro / RMB inquiry system closed at 8.6833, an increase of 168 points compared with the previous transaction; the pound / RMB inquiry system closed at 10.5830 points, an increase of 358 points compared with the previous trading day; the Australian dollar / RMB inquiry system was 5.8249, an increase of more than the previous day; the New Zealand dollar / RMB inquiry system was reduced to less than the previous trading day; the Canadian dollar / people's currency inquiry system was closed at the end of the previous trading day.