Exchange Rate Breaking A New Low, In Fact, Everything Is Routine.

There is no pure land in the global market, the renminbi has fallen against the US dollar, the rest of the currency has not gone far enough.

The CFETS index is stable, which is what the central bank values now.

The RMB exchange rate index has basically hovered around 94 in the past two months. As long as the renminbi is stable against a basket of currencies, China's exports will not be affected in the short term.

As for us dollars, the import price will be raised. Rest assured that we bought enough crude oil and iron ore in the first two years.

Once the purchasing power of China is down, the global economy will not be able to go anywhere. The crabs stick to each other's legs. It is impossible to kill the renminbi.

The key point of the RMB against the US dollar is 6.83.

Now the forecast that the RMB will fall below 7 has lost its meaning. The peak period of RMB depreciation in the past two months has passed. Now the prediction is a hindsight.

Exchange rate breaking a new low, low innovation is very easy, it is like a person loses a bottom line, and then lose the bottom line is very easy.

China's foreign exchange trading center in November 17th showed that the spot exchange rate of RMB was 6.8700, unchanged from the official closing price of the previous trading day, and the central parity of RMB was 6.8692.

In the overseas non deliverable forward foreign exchange (NDF) market, the US dollar traded against the Renminbi for a period of 7.0635, and the last day was 7.0675.

Offshore renminbi was 6.885 against the US dollar and 6.888 at the end of the last trading day.

The central parity of RMB is not 6.87, 6.8692, tenth consecutive days, the longest last December record.

The day before, FOB broke through the 6.89 pass, a new record low, and the offshore renminbi hit a new low of nearly eight years.

Don't worry too much. The central bank is not in a hurry. We are anxious about the recent exchange rate market.

As long as the central bank and the Chinese big line start, the empty man shakes.

The overnight lending rate of Hongkong, the largest offshore RMB offshore market, remained stable. On the 16 day, the overnight interest rate of Hongkong overnight increased slightly, and fell on the 17 day, fluctuating within the range.

The central bank has not used the traditional means of raising the interest rate of RMB sharply, and the central bank has not consciously taken care of the key points of any market.

Control is still in our hands.

Reuters quoted traders' information as saying that the 17 day big bank was on duty at the 6.87 pass, and saw its profits in the market.

But oil dish purchases more foreign exchange, and the exchange rate is contending near 6.87.

As long as the big line comes out, the traders will have to think about the future trend of the US dollar and RMB, similar to the great drama that Soros won the battle against the Bank of England, and won't be expected to play in Hongkong.

On the one hand, Trump and Obama shift from the us to the capital construction and illegal immigration repatriation, and trump faces another bad egg. The RMB exchange rate is unlikely to become a priority issue.

Trump's big mouth and extreme performance during the election made Europe's heart wary.

During the campaign, Trump has said that the United States has no money to continue to provide security for Eurasian allies without compensation. If NATO allies do not pay, the United States can withdraw its protection.

After Trump's victory, European Commission President Juncker called for the establishment of an independent European army, because Europe will not be able to rely on the United States for a long time to safeguard its security.

Similarly, trump will ask the Japanese and Korean governments to pay more security costs and succeed in Asia.

The TPP agreement has become a dead horse, and Japan will not be able to sleep.

Thank you, a good friend of the RMB.

On the other hand, the devaluation of the RMB exchange rate is to better cope with the uncertainty of the further aggravated future, squatting for take-off.

If the Federal Reserve meeting on December 14 decided to raise interest rates, it would be worse if capital accelerated back to the US, and China could not follow.

Increasing the debt cost of local governments and enterprises can not cut interest rates and allow funds to leave quickly.

Therefore, we must deal with the possible predicament ahead of schedule. The measures have been very clear. We must tighten the passage of the RMB Exodus, not allow the funds to leave easily, and let the RMB depreciate into a big hole. When the Fed raises interest rates, the renminbi will have room for appreciation to attract international funds.

If the United States implements a proactive fiscal policy, if it fails to improve its efficiency, it may cause serious stagflation. The Fed must raise interest rates.

At this point, let us not let the RMB depreciate sharply. When will it be depreciated? What will be the price of real estate and stocks? I will remain steadfast and steady.

Central bank released the third quarter of 2016

The implementation report stresses that the two viewpoints of "abandoning exchange rate, stabilizing housing prices" and "abandoning house prices and stabilizing exchange rates" exaggerate the risks in their respective fields, and are not good practices either.

Neither house price nor exchange rate should be controlled.

It is a false proposition to maintain the exchange rate or to guarantee housing prices, because there is no impossible triangle in the controlled market.

Judging from past market performance, RMB appreciation and bank deposit interest rates remain high, leading to the return of hot money.

Once the RMB depreciates and the interest rate of banks does not take the lead, funds withdraw from the mainland, and real estate and stock prices will drop.

Do not think too much, the withdrawal of funds will not be more than the extent of the collapse of asset prices in the mainland. Otherwise, the central bank will not allow any outflow of funds any sooner.

The outflow of funds has flowed out, and you can't see them. They let their families bask in the south of California for ten years, while others buy technology, brand, land and infrastructure. I support them with my hands and feet.

Capital outflow, domestic broad money also maintained two digit growth, as long as the noodle price rises, everyone is afraid of the mentality, and then obediently buy a car to buy a house to buy assets, when five good young people.

Look at the market. From last year to this year, from the stock market and the property market to maturity, when did the stock market and the futures market fall down?

There are no fresh routines in the world.