RMB against the U.S. dollar at 6.8253 yuan yesterday, compared with the previous day or 20 basis points for the fourth consecutive rise in nearly 5 months to a new high. Analysis refers to the official has reiterated on many occasions to maintain stability of RMB and hedge funds to attract the inflow of one-year NDF also reproduce the expected appreciation.
Macro-economic stabilization of hedge capital into
Since last Wednesday, the yuan against the U.S. dollar higher on the 4th following U.S., at 6.8253 yuan yesterday, and November 10 last year, the utmost stage since. There are traders that the fresh unpredictability of the RMB against the U.S. dollar on the assortment is looked frontwards to to move to some extent from 6.82 to 6.83 yuan.
Refers to the market, China's macro-economic written knowledge are signals of stabilization, and enhance market self-confidence in the movement of the RMB. At the matching time, the agent repetitively emphasized to uphold the minimal constancy of RMB exchange rate to captivate capital inflows. Secretary for Administration of Foreign Exchange of China Hu Xiaolian freshly incisive out that the RMB exchange rate rudimentally unwavering, worse risk of large-scale capital outflow. U.S. Treasury Secretary Timothy Geithner said last week, China's consignment to carry on to fortify the worth of the renminbi.
Overseas non-deliverable renminbi against the U.S. dollar market, one-year offer (NDF) yesterday in addition went up to the stage of 6.76 yuan, an signal of the acknowledgement of the renminbi is looked frontwards to to heat up again.
In addition, the U.S. capital of Washington to attend IMF meeting Governor Zhou Xiaochuan of the People's Bank said that with China's plan to stimulate the economy to enhance domestic demand, China's current account surplus is expected to shrink, the medium term may no longer be a serious problem. Zhou Xiaochuan reiterated that they will continue the "pro-active fiscal policy and a moderate easing of monetary policy" and stressed that the Chinese economy "are confident that with the means to" continue to maintain steady and rapid development.
Macro-economic stabilization of hedge capital into
Since last Wednesday, the yuan against the U.S. dollar higher on the 4th following U.S., at 6.8253 yuan yesterday, and November 10 last year, the utmost stage since. There are traders that the fresh unpredictability of the RMB against the U.S. dollar on the assortment is looked frontwards to to move to some extent from 6.82 to 6.83 yuan.
Refers to the market, China's macro-economic written knowledge are signals of stabilization, and enhance market self-confidence in the movement of the RMB. At the matching time, the agent repetitively emphasized to uphold the minimal constancy of RMB exchange rate to captivate capital inflows. Secretary for Administration of Foreign Exchange of China Hu Xiaolian freshly incisive out that the RMB exchange rate rudimentally unwavering, worse risk of large-scale capital outflow. U.S. Treasury Secretary Timothy Geithner said last week, China's consignment to carry on to fortify the worth of the renminbi.
Overseas non-deliverable renminbi against the U.S. dollar market, one-year offer (NDF) yesterday in addition went up to the stage of 6.76 yuan, an signal of the acknowledgement of the renminbi is looked frontwards to to heat up again.
In addition, the U.S. capital of Washington to attend IMF meeting Governor Zhou Xiaochuan of the People's Bank said that with China's plan to stimulate the economy to enhance domestic demand, China's current account surplus is expected to shrink, the medium term may no longer be a serious problem. Zhou Xiaochuan reiterated that they will continue the "pro-active fiscal policy and a moderate easing of monetary policy" and stressed that the Chinese economy "are confident that with the means to" continue to maintain steady and rapid development.
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