HSBC PMI Reacted Well To The Good Market.

The dollar was stable on Tuesday (September 23rd) afternoon.

Although the intermediate price rose slightly, and the HSBC China PMI initial data were good in the morning, traders pointed out that according to convention eleven there will be foreign exchange purchase orders before long holidays, the market direction is not clear, the trading is rather light, and the exchange rate volatility is narrow.

The US dollar / RMB inquiry system was reported at 6.1403 noon and 6.1404 yuan on Monday.

The central parity of RMB central bank is 6.1470, and Monday's middle price is 6.1485.

In the overseas non deliverable forward foreign exchange (NDF) market, the US dollar / Renminbi one year variety is newly reported at 6.2370/90, ending on Monday at 6.2405.

The latest offshore dollar / RMB was reported at 6.1462/67, and the last trading day was 6.1525.

Traders pointed out that last week, the news face many times, the market volatility is relatively large, but this week did not appear a large position adjustment, and no major news came out, this week or will enter the interval shock market.

"The only concern is the offshore renminbi CNH quotation has gone up slightly, but today it is also weak to drive on the coast, and the overall market paction enthusiasm is very low. It may have entered the" vacation mode "ahead of schedule.

On Tuesday, HSBC /Markit jointly announced the "HSBC China Manufacturing Purchasing Managers Index (PMI) preview". In September, the PMI initial value rose slightly to 50.5.

This is the index for fourth consecutive months on the upper reaches of the prosperity and drought watershed, the final value last month was 50.2.

Traders also said that intra day trading was unusually low, and that the calm of the PMI market before and after the morning release seemed to be a holiday mode.

Ma Jun, the chief economist of the Central Bank of China (PBOC), said on Monday (September 22nd) that the RMB is completely convertible without a timetable, and the three year experimental period in the Shanghai FTA does not necessarily mean that China's capital account will be completely liberalized within three years.

In an interview with Singapore during a business forum, Ma Jun said that the Shanghai free trade area is a convertibility experiment of RMB.

Most countries still have certain restrictions on capital accounts, including in some developed countries.

In the international exchange market, the US dollar index market was hovering near the 4 year high point, because the euro stayed at the 14 month low point after the temporary rest of the empty space.