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The Yuan Fell To &Nbsp Against The US Dollar, And The Short-Term Revaluation Did Not Change.

2011/5/17 9:21:00 27

RMB Foreign Exchange Market

 


*

RMB

Continue to weaken against the US dollar

 

*

Dollar index rebound stronger than market expectations

 

*

RMB is temporarily recuperating, but the trend of appreciation will not change.

 

China

foreign exchange

Trading Center Renminbi fell against the US dollar on Monday, dragged down by the weakening middle price.

.

In addition, the recurrence of the European debt crisis has made the dollar index rebound stronger than the market expectation, and also restrained the RMB.

 

However, traders believe that the strength of the early Renminbi shows that the central bank hopes to control through proper appreciation.

Inflationary pressure

The RMB's short-term recuperation will not change the trend of long-term strength.




    
        
            
            

Closing price


            
            
            

Highest price


            
            
            

Minimum price


            
            
            

Middle price


            
            
            

Mid day price


            
            
            

Last day's closing price


            
        
        
            
            

Six point five zero seven four


            
            
            

Six point five zero four two


            
            
            

Six point five zero nine eight


            
            
            

Six point five zero eight nine


            
            
            

Six point five zero one seven


            
            
            

Six point four nine seven seven


            
        
    


  

"

I did not expect the European debt crisis to rise again and again. The dollar index has rushed to the end of the day.

Seventy-six

The middle price of these two days should be affected by this effect.

"

A bank trader in Shanghai said.

 

US dollar index

Seventy-five point six five zero

Fall

Zero point one zero seven

Or

0.14%

Today, the highest ever rushed to.

Seventy-six point zero zero one

 

The trader pointed out that although the short-term trend of the RMB has been repeated, the rebound rate of the US dollar is not very strong, and the trend of overall appreciation will not be affected. Moreover, there will be some two-way fluctuations in the rally, which is also in line with the intention of the central bank to enhance exchange rate flexibility, which should be appreciated by the central bank.

 

Tokyo's Euro dollar fell to a seven week low against the dollar Monday, falling to a two month low against the Japanese yen. Key support areas are being tested.

.

The International Monetary Fund

(IMF)

President Strauss

-

Kahn was arrested on charges of sexual assault at the weekend, making it even more uncertain about aid from Greece and other highly indebted euro zone countries.

 

The following is Beijing time.

16:42

RMB quoted in offshore market

:



today

 

first day of the lunar month

  

  

NDF

One year RMB

/

dollar

6.3890/25 6.3620



Hongkong offshore market RMB to us dollar spot

6.5000/30 6.4880



The RMB exchange rate for the US dollar in the domestic market is the latest one.

Eight hundred and eighty

The point is that the market thinks that RMB will reach US dollar in one year.

Six point four one nine four

Yuan.

 

China's central bank

Two thousand and ten

year

Six

month

Nineteen

Japan announced that it would restart the reform of the exchange rate, enhance the flexibility of the RMB exchange rate, and continue to dynamically manage and regulate the RMB exchange rate fluctuation in accordance with the floating range of the announced foreign exchange market, and indicated that the RMB exchange rate did not fluctuate substantially.


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