RMB Exchange Rate Increased Slightly Against The US Dollar.

The RMB against the US dollar rose on Wednesday (September 3rd), and the middle price continued to decline due to the strong overnight dollar index, while the new 3 month low. There is a large amount of settlement between the plates, but in the 6.1450 line, the transaction is in stalemate.

The US dollar / RMB inquiry system was reported at 6.1454 noon and 6.1488 on Tuesday. The central parity of US dollar / RMB central bank was 6.1697, and Tuesday's middle price was 6.1684.

In the overseas non deliverable forward foreign exchange (NDF) market, the US dollar / Renminbi one year variety is newly reported at 6.2260/90, ending on Tuesday at 6.231. The latest offshore dollar / RMB spot report in Hongkong was 6.1497/02, and the last trading day was 6.1513.

　　 Trader It is pointed out that last week, several major lines of foreign exchange buying by foreign exchange increased the pressure of short-term appreciation of RMB. "However, the central bank has frequently called every row of trading rooms and asked about cross linked purchase of foreign exchange. Banks are inclined to understand that regulators are concerned about the pace of RMB appreciation."

But traders believe that in the short term RMB The appreciation will continue, so long as the trade surplus always exists, the dollar price will naturally be under pressure. "In the first two weeks, the purchase of foreign exchange was stronger, but it seems to be converting back to hand."

Although the US dollar is strong in the international market, Middle price It is also adjusting to the direction of depreciation, but because the RMB exchange rate as a whole reflects the direction of trade flow and lacks the speculative force of reverse trading, it is still a trend of upward shock. Coupled with the flooding of the US dollar and low interest rates, the US dollar may still have to be converted into Renminbi, which will also increase the pressure of appreciation.

In the international currency market, the US dollar index circled around Sanya for 14 months, with stronger US data and higher US bond yields, providing support for the US dollar.