The Central Parity Of RMB Against The US Dollar Was 6.3772 Lower By 140 Basis Points.

On the 10 day, the central parity of RMB against the US dollar was 6.3772, down 140 basis points from the previous trading day.

Some Fed officials expressed concern about persistent low inflation, the appreciation of the US dollar, the slowdown in China's economy and the recent turmoil in financial markets.

In September 10th, the intermediate price of RMB against the US dollar in the inter-bank foreign exchange market was set at 6.3772 yuan, down 140 basis points from the previous trading day.

Market participants pointed out that domestic economic downside risks, high domestic foreign exchange gap, and the Fed's interest rate hike are coming to a certain extent, which will still bring some devaluation pressure to the RMB in the short term. However, in the long term, there is no foundation for a deep depreciation of RMB.

9 days,

After going up, it will fall back, and the whole day will increase.

The Fed's interest rate hike is postponed, and the US dollar index still gains more gains in the short term.

Next week, the Federal Reserve will usher in the first important window to raise interest rates.

Journalist Jon Hilsenrath, known as the Federal Reserve news agency, said on Wednesday (September 9th) that the recent statement by Fed officials showed that it had not yet reached an agreement on the timing of raising interest rates.

Jon Hilsenrath points out that some Fed officials have continued low inflation, the appreciation of the US dollar, the slowdown in China's economy and the latest

Turbulence shows concern.

Their concerns suggest that the Federal Reserve will keep interest rates unchanged until they confirm that the global economy will not move towards broader problems.

In addition, Joseph LaVorgna, chief economist of Deutsche Bank, also changed the view of when the Fed began to raise interest rates.

In a 9 day report, Joseph LaVorgna postponed the Fed's first interest rate hike in nearly ten years to October.

And just two weeks ago, LaVorgna and his team also predicted that economic growth would increase the Fed's interest rate this month.

9 days,

The middle price and spot price both fell.

Among them, the spot price fell more than 100 basis points for the recent third consecutive trading days down.

On the 9 day, the interbank foreign exchange market was priced at 6.3632 yuan against the US dollar, a slight increase of 7 basis points over 8 days.

In the spot market, the spot exchange rate of RMB against the US dollar opened slightly earlier in the morning, and then fell all the way down. It closed at 6.3778 yuan at the end of the day, down 106 basis points in the whole world, and dropped 219 basis points in the three trading days.

On the Hongkong market yesterday, the spot exchange rate of offshore renminbi against the US dollar was initially suppressed. At the close, the RMB CNH exchange rate was 6.4668 yuan, down 119 basis points from the previous trading day, and nearly 900 basis points on the spot price difference on shore.

Market participants said that in the short term, the downward risk of domestic economy, high domestic exchange rate and gradual increase of the Fed's interest rate will still bring some devaluation pressure to the RMB. But in the long run, the domestic foreign exchange gap is not the leading factor of the RMB exchange rate, and the domestic economic growth is still relatively high in the global scope, which makes the RMB do not have the foundation of long-term deep depreciation.

In the future, as China's policy of steady growth has gradually improved, the economy has stabilized and picked up, and the internationalization of RMB has continued to push forward, the RMB exchange rate is expected to regain its momentum of appreciation.

With China's high foreign exchange reserves, it provides sufficient ammunition for the central bank to maintain the stability of the RMB exchange rate. It is expected that the space for continued depreciation of the RMB will be limited in the near future.

The people's Bank of China authorized the China foreign exchange trading center to announce that the RMB exchange rate in the interbank foreign exchange market in September 10, 2015 was RMB 1 yuan to RMB 6.3772 yuan, 1 euro to RMB 7.1552 yuan, 100 yen to RMB 5.3001 yuan, 1 Hong Kong dollar to RMB 0.82272 yuan, 1 pounds to RMB 9.8070 yuan, 1 Australian dollar to RMB 1 yuan, New Zealand dollar to RMB yuan yuan, Singapore dollar to RMB RMB, Canadian dollar to RMB yuan, RMB yuan to ringgit, RMB yuan to Russia ruble.