The RMB Exchange Rate Was Renewed, And The Middle Price Of The High Dollar Exchange Rate Was 6.3883.
Overnight dollars
Fall
On Monday, the central parity of the RMB against the US dollar hit a new high since 2005.
China's foreign exchange market data show that in August 29th, the RMB exchange rate between the RMB and the US dollar was 6.3883 in the inter-bank foreign exchange market, which was 67 basis points higher than the previous trading day.
At this point, compared with the 8.2765 before July 2005, the appreciation rate of RMB against the US dollar has reached 29.56%.
26, New York's foreign exchange market.
Federal Reserve
President Bernanke did not mention QE3 at the meeting of the central bank governor of the world. He said he would discuss the stimulus policy at the September interest conference. He also said that the recovery process of the US economy was weaker than the Fed's expectations since the crisis, but the long-term outlook for the US economy remains optimistic.
After the speech, the US dollar index rose first and then fell, ending 26 on the 73.71 day, down 0.74% from the previous trading day.
29 Eurasian currency market, US dollar continuation
Downtrend
As of 18:00 Beijing time, the US dollar index reached a minimum of 73.52.
On the 29 day of the inquiry market, the US dollar spot exchange rate closed at $1 to RMB 6.3810 yuan, down 58 basis points from the previous trading day, reaching a historical low of 6.3801.
Analysts pointed out that the current market understanding of Bernanke's speech exists.
divergence
From the market perspective, QE3 is expected to be strengthened and risk appetite has heated up. It is expected that the US dollar will continue to be dominated by weak shocks in the near future, and the RMB exchange rate is expected to remain on the rise.
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