The Renminbi Is Weaker Than The US Dollar In The Afternoon, And The Strength Of Foreign Exchange Is Roughly Balanced.

The renminbi traded against the US dollar on Friday (October 10th) afternoon.

The price of the central parity dropped slightly, ending the trend of rising for 3 consecutive days. The spot price in the early market was derogated from the external RMB, but after entering the four quarter, the strength of the market settlement was not reduced, and the strength of foreign exchange purchasing was relatively balanced.

The US dollar / RMB inquiry system was reported at 6.1310 noon and 6.1305 on Thursday.

The central parity of US dollar / RMB central bank was 6.1470, and Thursday's middle price was 6.1461.

No overseas deliveries

(NDF) in the market, the latest varieties of US dollar / renminbi have been reported at 6.2355/75 on the latest, and 6.2275 at the end of Thursday.

The latest offshore dollar / RMB spot report in Hongkong was 6.1382/02, and the last trading day was 6.1382.

Traders said that this week's passenger market to see

Most of the offsets offset the impact of the post purchase purchase of foreign exchange. In the short term, the possibility of a slight appreciation of the RMB in bilateral fluctuations is more likely.

In a Reuters interview, one trader said that the first day after the holiday was

On Thursday, oil was purchased for foreign exchange, but it failed to shake the market.

The purchase of oil pan is about ten billion US dollars, and the first two days of US dollar / RMB still go down, and there are many foreign exchange settlement.

Another trader said that this week's settlement strength may also come from Alibaba's overseas IPO settlement.

According to the latest survey, China's exports are expected to resume double-digit growth in September, thanks to the improvement of external demand and the low base level in the same period last year, and the fear of imports is still difficult to pick up, so that the trade surplus will expand and remain near record highs.

On the international exchange market, the U.S. dollar on Friday was generally stable, but the decline in US debt yield has been limited, after a mild remark from the FED's recent rise in the dollar.