RMB To Us Dollar Exchange Rate Intermediate Price Creates New Adjustment Low Again
The China Foreign Exchange Trading Center announced that on the 24 day, the central parity of RMB against the US dollar was 6.3570, down 72 from the previous day.
basic point
A new low since the beginning of the month.
Since the beginning of the month, the US dollar has steadily rebounded, and the renminbi has gone out of a continuous pullback market against the US dollar.
23 days US dollars
index
Rose 1.01%, at 79 points above, hit a new high in the past one and a half months.
Against the backdrop of the fall in the non US currency and the rise in the US dollar, the central parity of RMB against the US dollar was set at a new low of 6.3570 for 24 days.
On the spot exchange rate, the interbank inquiry system on the day closed at 6.3680 against the US dollar, down 90 basis points.
Some analysts believe that the recent rise in the US dollar and the reversal of the renminbi are mainly due to the aggravation of the European debt problem.
In recent times, the euro area is a new disease that has not yet healed.
On the one hand, yields on eurozone bonds rose collectively, except for Germany last week.
Rate of return
On the 23 day of the week, the German government was forced to sell the Treasury bonds which exceeded the market demand.
The market fears that even the most powerful German economy in the eurozone will not be immune from the debt crisis.
On the other hand, European economic data are not performing well, and European economic growth is falling faster because of the debt crisis.
Based on this, the foreign exchange market has a strong risk aversion, and the traditional hedge currencies such as the US dollar and yen have been greatly strengthened, and the non US currencies such as the euro have generally declined.
Market participants say that resolving the European debt crisis is not a matter of time. In the short run, it is difficult to mitigate the risk aversion.
Under the strong US dollar pattern, the RMB exchange rate will continue to fluctuate.
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