RMB Rises Early With The Middle Price

The renminbi rose against the US dollar on Thursday (January 22nd) in the morning, and the offshore CNH rose again as the US dollar index fell. Traders said that the newly announced bank settlement and sale data had little effect on the foreign exchange market, and the current direction was not clear. The exchange rate fluctuated narrowly in wait-and-see sentiment.

They thought, though Bank settlement and sales data At the end of last year, funds were still flowing out, but the current RMB exchange rate has been relatively balanced, showing no devaluation trend. Under the policy keynote of the global central bank competing for loose policy, the central parity of RMB has revealed the intention of the Central Bank of China to maintain stability. It is expected that the short-term RMB will be oscillated in the range of 6.20-6.22 yuan.

A stock trader said, "we can see that in the near future dollar In the case of crazily rising, the central parity of RMB against the US dollar is still relatively tight. The central bank tries not to allow the US dollar intraday transaction to run too high, and does not want the renminbi to depreciate too much.

Another foreign trader said. market The outlook for the market outlook is less clear. It is also necessary to pay attention to the attitude of the central bank. After the economic data released in January, the future trend of RMB will be discerned.

China's State Administration of Foreign Exchange announced today's data on bank settlement and sale, indicating that funds were still in the outflow at the end of last year. In December 2014, the bank made a deficit in the fourth consecutive months, which expanded to 69 billion 900 million yuan from the previous month. The bank's own foreign exchange and foreign exchange sales deficit was 12 billion 800 million yuan in the same period last month, narrowing down from the previous month, but the deficit was recorded for sixth consecutive months.

At a news conference on Thursday, the director of the balance of Payments Division of the safe said that the RMB exchange rate has reached a level of equilibrium and reasonable capital outflow is expected.

In the global market, the US dollar fell against the euro on Wednesday, as some traders lowered their risk and reduced their positions in euros before the ECB meeting on Thursday.

At 12:52 Beijing time, the US dollar was RMB 6.2096 yuan against the yuan, and it received 6.2115 yuan on the previous day. Today, the median price of US dollar to RMB is 6.1247 yuan, and the middle price of the previous day is 6.1268 yuan.

Related links:

21, in the overnight dollar index station on the 93 pass, the central parity of RMB declined slightly, the spot exchange rate of RMB against the dollar rose for second consecutive trading days. Analysts point out that while the US dollar is forcing the renminbi to bear the pressure of devaluation, the internationalization of RMB and the signs of short-term improvement in China's economy are all supporting the RMB.

On the 21 day, the RMB exchange rate against the US dollar in the inter-bank foreign exchange market was 6.1268 yuan, down 42 basis points from 20 days. Overnight, in the international foreign exchange market, as investors expected the European Central Bank to launch a new round of quantitative easing measures on the 22 day interest conference, and IMF strongly optimistic about the US economic outlook, the US dollar rose to most currencies, and the US dollar index closed 93 points.

On the 21 day of the inter-bank spot foreign exchange market, the spot exchange rate of RMB against the US dollar opened at 6.2161 yuan with the middle price, and the shock rose after the intraday low of 6.2199 yuan in early trading. The stock market closed at 6.2115 yuan, up 27 basis points compared with the 20 day's closing. This is also a slight increase in spot exchange rate for second consecutive days, with a 20 base increase of 20 days.

Market participants said that the RMB spot exchange rate rose in the background of the strength of the peripheral dollar. First, it benefited from the 20 macroeconomic data released by the National Bureau of statistics on December 2014. There were some signs of improvement, and two was further boosted by "RMB internationalization". On the 20 day of the information released on the central bank's website, the central bank stressed that 2015 will take the initiative to actively and orderly promote the internationalization of RMB.

Considering the strength of the US dollar in the international market, the short term improvement of the domestic economy, the decline in foreign exchange reserves of financial institutions in December last year, and the acceleration of RMB internationalization, the market participants believe that the foreign exchange market is difficult to find in the short term, and that the RMB exchange rate will maintain a trend of volatility, and the probability of a large increase or depreciation will be small.