RMB Rebounded Against The US Dollar After 4 Consecutive Falls.

The renminbi rose against the US dollar on Friday (January 9th) afternoon, and was driven by the 4 rise in the middle price.

Traders said that the early morning trading ended in a turbulent trend. The RMB exchange rate broke from 6.22 to 6.20, and the main force of China's major foreign exchange settlement was released. The previous hoard of passenger positions was released, leading the price to rise, while the CPI data released in the early market had little effect on the market.

The US dollar / RMB inquiry system was reported at 6.2073 noon and 6.2145 on Thursday. The central parity of US dollar / RMB central bank was 6.1296, and Thursday's middle price was 6.1302.

In the overseas non deliverable forward foreign exchange (NDF) market, the US dollar / Renminbi one year variety is newly reported at 6.3140/90, ending on Thursday at 6.3250. The latest offshore dollar / RMB spot report in Hongkong was 6.2092/13, and the last trading day was 6.2178.

Traders say there will be some demand for foreign exchange settlement at the beginning of the year. RMB Continued weakness, "taking into account the international dollar trend has also stabilized, the RMB exchange rate has also reached a moderate rise; but overall, the market will continue to show a two-way shock, there is no sign of unilateral trend trend."

However, other traders said that there was no obvious exception in the sale and sale of foreign exchange, while the latest CPI and PPI data had no effect on the market. The latest trade data estimated next week will have some influence.

Traders also believe that the current Renminbi exchange rate Basically there is a two-way fluctuation. "In the morning, the renminbi has gone up a bit, but it will probably depreciate moderately. In the short term, the exchange rate will be consolidated in the vicinity of 6.20-6.22, and there is no trend."

China's National Bureau of Statistics announced Friday that CPI rose by 1.5% in December, which is in line with the expected median value. The producer price index (PPI) of industrial producers fell by 3.3% compared with the same period last year, down 3.1% from the expected market value. This is CPI's year-on-year increase of fourth months running below 2%, while PPI continued to be negative for 34 consecutive months, and the biggest monthly decline in 27 months.

On the international exchange market, euro / dollar Friday Asia market Limited to the low point of 9 years, due to the expected warming of the quantitative easing measures launched by the European Central Bank (ECB), the US will soon announce the non farm employment report later in the day, which may add a reason for the fed to raise interest rates.

Beijing time 13:15, the US dollar / Renminbi reported 6.2063.