RMB To Us Dollar Spot Price Two Continuous Rise

21 days, overnight

Against the background of a slight fall in the 93 pass and the middle price of the RMB, the spot exchange rate of the renminbi against the US dollar closed up for second consecutive trading days.

Analysts point out that while the US dollar is forcing the renminbi to bear the pressure of depreciation, there are signs of RMB internationalization and the short-term improvement of China's economy.

In the short term, the RMB exchange rate will still fluctuate in a narrow range.

21 days between banks

The central parity of RMB against the US dollar was 6.1268 yuan, down 42 basis points from 20.

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.

Related links:

The 2015 cross-border RMB business and related monitoring and analysis working conference was held in Beijing.

The meeting stressed that in 2015, we should continue to expand the development space of cross-border RMB business, deepen monetary cooperation, and actively and orderly promote the internationalization of RMB.

The meeting stressed that, in 2015, we should take the initiative to act as a carrier, actively link up the implementation of the national strategy such as "one belt and one road", constantly expand the development space of cross-border RMB business, deepen monetary cooperation, and actively and orderly promote the internationalization of RMB.

Two, we should focus on the key points, actively link up various financial reforms such as RMB capital account convertibility, increase the policy innovation of cross border RMB business, and conduct in-depth research and analysis of relevant policies.

Three, we must elaborate management and strive to improve the management efficiency of cross-border RMB business while we decentralization.

The four is to take precautions, strengthen monitoring analysis and business inspection, do a good job in risk prevention and contingency plans.