RMB To Us Dollar Is Another Record High, Offshore Price Is Obviously Upside Down.

China's major financial markets closed during the National Day holiday from October 1st to October 7th.

In the international exchange market, the risk appetite of yen investors in Sanya has slowed down, as the global stock market stabilizes and the market seems calm to some extent, but traders say that capital flows at the end of the month and the end of the season mean that the market may continue to fluctuate.

Beijing time 12:45, USD / RMB 6.3543.

The US dollar / RMB inquiry system was reported at 6.3558 noon and 6.3636 on Tuesday.

The median price of US dollar / RMB bank was 6.3613, and Tuesday's middle price was 6.3660.

The spot turnover of RMB against the US dollar was US $10 billion 145 million, which was US $8 billion 400 million on Tuesday.

In the overseas non deliverable Forex foreign exchange (NDF) market, the latest US dollar / Renminbi variety was 6.5565 at the latest and 6.5515 at the end of Tuesday.

The latest offshore dollar / RMB spot in Hongkong is at 6.347/6.3477, and the last trading day is 6.3435..

China foreign exchange trading center Wednesday updated 11:00 yuan to us dollar reference.

For 6.3557.

Traders said offshore strong strong boost.

However, the domestic economy still faces greater downward pressure. The high opening in the morning market has also become the opportunity for capital to purchase foreign exchange, and the conditions for continued appreciation of the exchange rate are not available.

"The demand for foreign exchange purchases will rise after the National Day holiday, and the central bank's stability and stability will rise as a result of the need to repay overseas consumption during the holiday season."

Traders also said that

(CNH) the early market has dropped slightly. At present, the difference between the two places is slightly upside down by about 80 points. It is estimated that the exchange rate of the two places will fluctuate alternatively, and there is little probability of widening the spread between the two places.

Offshore CNH dropped slightly in early trading, but still higher than 80 points on shore. On Tuesday, offshore CNH was in a big concussion, and the largest volatility in the intraday market was over 400 points, hitting a new high of 8.11 yuan since 6.3335.

Market analysts believe that foreign short-term speculators, based on China's central bank's determination to maintain stability, choose to go short in the short term.

It is estimated that the offshore RMB exchange rate will rise for a longer period of time and will consolidate for the next round of shorting the RMB exchange rate.