The Renminbi Rose Against The US Dollar In The Afternoon And Further Narrowed Off The FOB Price.
The renminbi rose slightly against the US dollar on Monday (September 22nd), while the intermediate price was slightly lower.
The supply and demand is relatively balanced, and the fluctuation range is narrow.
However, the offshore exchange rate has further appreciated, narrowing to 30 points below the onshore price difference, and arbitrage trading pressure has continued to ease.
The US dollar / Renminbi inquiry system reported 6.1382 yuan in midday, and it closed 6.1405 last Friday.
The central parity of the US dollar / RMB central bank was 6.1485, and last Friday the middle price was 6.1455.
In the overseas non deliverable Forex foreign exchange (NDF) market, the US dollar / Renminbi one year variety is newly reported at 6.2360/90, and last week's five was 6.2385.
The latest offshore dollar / RMB spot report in Hongkong was 6.1405/25, and the last trading day was 6.1440.
Traders pointed out that frequent occurrence last week.
Chinese funded enterprises
Monday's performance of exchange settlement was not obvious, and the pressure of arbitrage trading eased again, which made the overall demand and supply of passenger disks more balanced than that of last week.
The narrowing of the offshore price shows that the efficiency of both markets is relatively high, and the arbitrage activity is active and can be filled quickly.
Price
Gap.
Another trader said that the current price rebounded to 6.13-6.14 Yuan area, fluctuations still revert to market supply and demand.
In addition, Alibaba's listing in the US will raise large amounts of foreign exchange settlement.
Chinese e-commerce giant
Alibaba
Last Friday, listed on the NYSE, the initial public offering price was set at $68 per share, and the Underwriters would exercise the excess allotment rights to issue 48 million shares, thus raising the scale of financing to about $25 billion, becoming the largest IPO in history.
On the international exchange market, the US dollar / yen hovered near the 6 year high point on Monday, which is supported by the idea that the US interest rate rises will be expected earlier than expected.
Beijing time 13:02, the US dollar / Renminbi reported 6.1379.
- Related reading
The Renminbi Rises Against The US Dollar In The Afternoon, And The Offshore Spreads Continue To Narrow.
|In August 2014, The Foreign Exchange Deficit Of Banks Was 5 Billion 100 Million.
|- Show show | 2020 Milan Spring And Summer Fashion Week Salvatore Ferragamo Series
- quotations analysis | China Light Textile City: Complex Fabric Marketing Highlights
- quotations analysis | China Light Textile City: The Coating Polyester Fabric Has Been In A Turmoil, And The Sales Of The Creative Fabrics Remain Unchanged.
- quotations analysis | China Light Textile City: Autumn And Winter Knitted Sweater Fabrics Dynamic Marketing Varieties Increased
- Fashion shoes | Hot Melt Bubble Air Foamposite Pro Shoes Exposure, Strong Color Style
- Fashion character | Kan'S New Album "Jesus Is King" Sells Products On The Periphery, Ancient Religious Designs.
- Fashion makeup | PORTER X MADNESS 2019 New Joint Bag Series Complete Announcement
- DIY life | Thom Browne X Givaudan Joint Perfume Series, All Men And Women Are Suitable.
- Popular color | Fashion Trend 2020 Spring And Summer Ladies Key Single Product
- Bullshit | New Bai Lun 990V5 Shoes 2019 Black-And-White Grey Matching Color Overseas Sale
- Exchange Losses Caused By The Continued Depreciation Of The Renminbi, The Profits Of Many Large Enterprises Are Under Pressure.
- Macro Point: Where To Go From The RMB Exchange Rate?
- RMB Internationalization Infrastructure Constraints To Be Solved
- The Shanghai Composite Index Continued To Shrink 3 Plus Yang.
- A Shares Growing Pains: There Is No Room To Accommodate "Alibaba"
- Deep Air Oil Free Dilemma A Shares Smashed The Truth
- Multiple Profits Raid 2300 Again Fall
- Capital Market Faces Black Monday
- Development And Reform Commission: Stop Storing Cotton And Push Forward Market Reform Of Price System
- NDRC: Cotton Import Quotas Will No Longer Be Issued To Guide Enterprises To Use Domestic Cotton.