RMB Spot Price Yesterday Refreshed 4 And A Half Months High

< p > here, the world's clothing and shoes and hat nets Xiaobian introduced to you that the spot price of RMB broke 6.16 points yesterday and refreshed 4 and a half months.

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< p > < strong > refresh 4 and a half months new high < /strong > < /p >

< p > under the background of a slight rise in the intermediate price, yesterday's RMB exchange rate against the US dollar took on the previous day's rally. It soon broke through the 6.16 barrier shortly after opening, and once again refreshed the highest point in four and a half months.

Market participants said that after 6 days of strong anti super central parity, the RMB against the US dollar spot rate trend is expected to continue to be stronger than the middle price in the coming period.

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< p > according to China's < a href= "//www.sjfzxm.com/news/index_s.asp" > foreign exchange trading < /a > center, the RMB exchange rate of RMB against the US dollar in August 7th was 6.1670, up 11 basis points from the previous trading day.

Overnight dollar index pullback led to a corresponding rise in the 7 yuan against the US dollar.

On Wednesday (August 6th), the US dollar fell back from the nine month high against the euro, and the US dollar index fell to 81.71 from its close 11 month high to 81.42 at the end of the session. The US dollar fell 0.15% worldwide.

Traders and analysts said that the beautiful economic performance of the United States, the relative weakness of the euro zone economy, and the risk of Ukraine's geopolitical crisis caused the risk of demand, and other factors, still strong support for the dollar, yesterday's adjustment is mainly due to the early dollar to make more profits.

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The spot exchange rate of RMB against the US dollar has been stronger than the central parity since the beginning of June, especially in the late July since the beginning of July.

In August 6th, the RMB spot exchange rate rose to a 6.17 level barrier, a new high of 4 and a half months, and once again, after a lapse of 5 months, it exceeded the middle price again.

The upward trend of the day before yesterday, the RMB exchange rate against the dollar rose sharply after the spot exchange rate rose sharply, at 9:55 in the morning, the highest rose to 6.1580, a new high of more than four and a half months since March 18th.

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< p > the reason for the rapid appreciation of the current RMB spot exchange rate is that, on the one hand, the Chinese economy has shown signs of good recovery in the past two months, enhancing the domestic and foreign investors' expectations of China's economic prospects, the apparent weakening of the market forces of the renminbi, the reflux of medium and short term international capital. On the other hand, with the gradual departure of the mid year point of view, the large number of foreign exchange purchases by Chinese central enterprises and so on are gradually scarce. In addition, the US dollar liquidity is well maintained, and the swap interest rate pactions between the US dollar and the renminbi are again profitable, which also leads to further highlighting the characteristics of investors' phased short selling of the US dollar and RMB.

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< p > market participants said that in view of the current trend of < a href= "//www.sjfzxm.com/news/index_cj.asp" > RMB exchange rate > /a > the trend of rising tide, such as the trend of the rainbow, and the spot exchange rate once again 5 months later, the central parity will be reversed.

However, some analysts have pointed out that as the US economy continues to strengthen and is still ahead of most developed economies, and the US inflation has steadily increased in recent months, the US dollar index is expected to show a stronger medium term. In this context, the further appreciation of the RMB exchange rate will be relatively limited.

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