The Renminbi Is Rising Or Derogating From The Yen.

Today, the main index of A shares is mixed, with the Shanghai composite index at 2822.45 points, a slight increase of 1.4 points.

The two cities contracted and the total turnover was only 330 billion yuan, of which the Shanghai stock market was only half of the Shenzhen stock market.

In the early morning session, due to the sharp reduction of the central parity of RMB, the market once dived, and later the main force intervened in the maintenance market, and the market gradually stabilized.

At the close, the top gains were banks, securities and insurance, and these three plates have always been the favorite of the national team.

Therefore, today's stock market can not be broken.

Readers are often asked to ask for currency devaluation.

Is it good or bad?

Actually, there is no unified answer to this question.

When a country's asset bubble is not strong, the state will have a positive impact on the stock market in order to stimulate exports, but the property market is also good. But if the asset price of a country is too high, the exchange rate is also overvalued. In the initial stage of the depreciation of the exchange rate, it must be a double kill.

Of course, there is also the problem of foreign exchange control and the problem of devaluation.

Under the current conditions of China, if the RMB continues to depreciate against major foreign currencies, while other countries have not made counter measures, the depreciation will make a good contribution to China's economy, and the vast majority of the stock market, especially manufacturing, will benefit.

Appeared in January

Double kill, on the one hand, because the index was relatively high at the time, on the other hand, the fusing mechanism played a role in boosting the fuel, and should not forget that the registration system was being speeded up at that time.

This devaluation is obviously different from that of January.

The US dollar is depreciating, but the renminbi has begun to play new tactics in the past two months, adopting the "asymmetric" depreciation or appreciation.

Generally speaking, when the US dollar appreciates, it will depreciate to other major currencies, and vice versa.

Recently, China is negotiating with the EU about the status of China's market economy, and it has made considerable progress.

As a result, the renminbi has become extremely complex for all major currencies, rising or demoted.

The impact on China's real economy is rather complicated.

And in the US election year, the depreciation of the renminbi against the US dollar must be more restrained.

Therefore, my conclusion is that the RMB has little positive effect on the depreciation of the US dollar, but if the depreciation rate is too large, it may lead to psychological negative.

On the whole, the negative factors of stock market are more than positive ones.

As can be seen from the above chart, the Shanghai Composite Index has reached 15 trading days at 2800 points.

This trend is likely to occur only when the stock market is controlled. It is very rare for the market to go like this.

It can be seen that today's market is a stock.

The 2800 point can be seen as a phased policy base.

But can I hold it? I feel a little bit hung up. There are not many long shadow lines for "pile foundations". The sideways are still dangerous, or the foundation is unstable.