The Yuan Weakened Against The US Dollar.

The US dollar / RMB inquiry system was reported at 6.1394 noon and 6.1346 last Friday.

The central parity of the US dollar / RMB central bank was 6.1452, and last Friday the middle price was 6.1468.

Offshore non deliverable forwards

(NDF) in the market, the latest varieties of US dollar / RMB have been reported at 6.2320/50, and last week's five was 6.2265.

The latest offshore dollar / RMB spot report in Hongkong was 6.1451/71, and the last trading day was 6.1398.

Traders said the industrial added value data showed a bleak result.

The offshore dollar has risen since the early morning, and the domestic price has also been directly driven on Monday morning.

However, under the influence of supply and demand structure, under the influence of trade surplus, the current RMB foreign exchange market still has more foreign exchange settlement. If the central bank reduces intervention, it will still appreciate slowly.

Industrial investment and retail sales data released in August, including industrial added value increased by 6.9% over the same period last year, the growth rate hit a low of nearly 6 years, and investment also dropped significantly, coupled with lower consumption than expected, suggesting that the downward pressure on the economy is heavy. The GDP growth rate in the 3 quarter may drop to nearly 7%.

China's central bank announced on Monday that all foreign financial institutions' foreign exchange payments in August had a negative growth after a month, which contrasts sharply with the record of the foreign trade surplus of the month. Analysts say that because of the continued appreciation of the international dollar, the enterprises prefer to hold the US dollar.

Xie Yaxuan, director of macroeconomic research at China Merchants Securities, believes that

Once again, the central bank has reduced the normal intervention in the foreign exchange market, and is constrained by the cost of capital. Foreign exchange financing of financial institutions has also fallen into a slow growth. As for the whereabouts of the US dollar, we need to wait for subsequent data, including bank settlement and foreign exchange, to make judgments.

In the international market, the dollar index remained strong in the Asian market on Monday, and the Australian dollar / dollar continued to hit a low level in March.