The Renminbi Rose To A Week High On The Spot. The US Pressed The RMB Exchange Rate.

< p > RMB rose 0.25% to a week high against the US dollar (6.1968, -0.0155, -0.25%) a href= "//www.sjfzxm.com/news/index_c.asp" spot rate (/a) > Tuesday (April 8th), and the RMB intermediate price rose on that day.

There was little fluctuation in the morning market, but after the afternoon, it was significantly increased by the US pressure on the RMB exchange rate. However, the purchase of foreign exchange by the big banks did not show up, which stimulated the foreign exchange market to rise sharply, and the closing price rose 6.20 points.

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< p > at the close, the US dollar / RMB inquiry system closed at 6.1962, a decrease of 157 points compared with the previous trading day.

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< p > traders pointed out that the trading range in early trading was above 6.20 yuan, and the paction was scarce, and the market sentiment was cautious. But after the afternoon, the settlement of the exchange increased significantly. Although the market was hovering near the 6.20 pass, there was no major purchase of foreign exchange. The market understood that this meant that the regulatory authorities or the short term would moderate the appreciation of the renminbi. Because of the recent policy sensitive period, the United States is about to introduce the relevant report of the currency manipulation countries.

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According to the data released by Hongkong P, the US dollar / Renminbi (Hongkong) spot exchange rate fixed price in April 8th is 6.1966/78.

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< p > "short term RMB is likely to be volatile, but before the" US currency manipulation "report comes out, there will be a downward trend in the middle price or exchange rate.

One foreign trader said.

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< p > mid market is still optimistic about "a href=" //www.sjfzxm.com/news/index_c.asp "RMB > /a > appreciation, and short-term trade data on Thursday.

A chief executive of the stock exchange expects that the trade surplus will not exceed $20 billion in March, with a normal range of 100-200 billion.

If 10 billion or even less, it will help the exchange rate to maintain a weak position. If 20 billion or more, the depreciation of the RMB may not be longer.

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< p > traders say that the recent decline in CNH prices has surpassed the territory for a time. The trend of "a href=" //www.sjfzxm.com/news/index_c.asp > internal and external spreads < /a > has a reversal trend, indicating that the expectation of RMB appreciation is changing, and confidence in RMB appreciation before offshore is shaken.

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The central bank is intended to guide the market to achieve automatic equilibrium. The central bank recently guided the market expectations through the intermediate price and other measures to achieve obvious results. Whether or not it continues is still to be observed. The short-term divergence of the RMB exchange rate is still in the P.

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In the global market, the yen rose on Tuesday as the Bank of Japan did not introduce further easing measures, and Kuroda Higashihiko, the governor of the Bank of Japan, did not hint that the recent easing of policies might prompt some investors to cut short yen positions.

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< p > HK $(7.7543, -0.0007, -0.01%) / RMB inquiry system closed at 0.79910, 17 points lower than the previous trading day; 100 yen / RMB inquiry system closed at 6.0340, an increase of 534 points compared with the previous trading day; the euro / RMB inquiry system closed at 8.5282, an increase of 176 points compared with the previous trading day; the pound / RMB inquiry system closed at 10.3203 points, an increase of 154 points compared with the previous trading day; the Australian dollar / RMB inquiry system was 5.7788, an increase of more than the previous day; the Canadian dollar / Renminbi inquiry system was on the offensive, increasing the number of bonus points compared with the previous trading day; the New Zealand dollar / RMB inquiry system was closed at the end of the previous trading day.

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