RMB Has Renewed Its Half Year High And "Strong" Dollar Is Ashamed Of Itself.

China's trade surplus rose to a new high level, and China's central parity of RMB against the US dollar opened 187 points on Tuesday (September 9th), the biggest gain in nearly 3 years. Spot exchange rate jumped early to half a year earlier.

The US dollar exchange rate system was quoted at 6.1341 in the afternoon and 6.1412 on Friday. The central parity of the US dollar against the central bank was 6.1520, and last Friday the middle price was 6.1707.

The renminbi dollar dollar inquiry system set a half year high of 6.1317 yuan, and then gradually dropped to 6.1350. After the overnight dollar index continued to strengthen, the median price rose against the October 28, 2011 record, while the percentage increase of 0.3% hit the highest level since November 11, 2011, 0.31%.

Traders said, "the trade surplus is too large. The surplus factor is a hedge against the rise in the US dollar, but in fact, the central price is only near the axis of 6.1480.

Since June this year, the intermediate price of RMB against US dollar has been kept in the interval of 6.14-17 yuan, and the fluctuation is more regular. Before and after the 6-9 months of the month, trade data were released before and after the intermediate price rose rapidly, and the rest time went against the US dollar.

China's Customs announced on Monday that China's trade surplus in August was $49 billion 840 million, up from $47 billion 300 million in July. The market is expected to have a median trade surplus of US $40 billion. China's exports grew for fifth consecutive months, and imports dropped unexpectedly.

　　 Singapore Sim Moh Siong, a bank strategist, said, " Trade data It is much stronger than expected, "he said, and the rebound in China's exports could make the central bank more tolerant of the appreciation of the renminbi.

Also have Trader It is believed that in the case of strong US dollar index, the central parity of RMB will rapidly rise on Tuesday, and it will also include the consideration of increasing the cost of capital outflow. The central bank's reaction is very fast.

Prior to that, the Western Pacific (601099) stock bank on Friday (September 5th) had thought that if China's August trade surplus data released in September 8th met expectations at least, the Central Bank of China will raise the central parity of RMB against the US dollar, and the RMB exchange rate will go up.