RMB's Immediate Appreciation On Tuesday Morning

At 10:30 Beijing time, the renminbi reported 6.2367 against the US dollar, 88 points higher, the lowest to 6.2426, the highest to 6.2356. Yesterday, the renminbi rebounded sharply at 138 points, closing at 6.2455.

Guangdong Development Bank recently released a research report that, after three consecutive months of depreciation, the RMB against the US dollar. Spot rate The short-term equilibrium between supply and demand has been reached at the current exchange rate level, and the possibility of maintaining a weak 6.20-6.27 interval in May is more likely. The renminbi appreciation is expected to wait until after July.

The people's Bank of China released on Tuesday. RMB Against US dollar Middle price newspaper 6.1565, 5 points lower than the 6.1560 of the last trading day.

　　 Important foreign exchange news:

The RBA will announce the latest interest rate conference results on Tuesday, and analysts expect the central bank to maintain interest rates unchanged at 2.5%. Evans, chief economist of the Western Pacific Bank, believes that the RBA's resolution today will maintain the neutral stance of interest rates on the one hand and strengthen the pressure on the Australian dollar on the other. Today Beijing time 12:30 will announce the RBA interest rate resolution. Australia's merchandise and services trade account, which was released earlier in March, only surpassed 731 million Australian dollars, less than expected and the lowest surplus in the year.

Dallas Fed chairman Fisher said in a media interview on Monday (May 5th) that it is too early to start talking about the prospect of raising interest rates by the Fed, but there is a need to continue the discussion on policy prospects. Therefore, he said the minutes of the April meeting of the Fed released later this month are of great concern.

Sutton, chief foreign exchange analyst at Fung Bank, Canada, commented on Monday that the ECB's chances of taking action have risen. The data in the eurozone still show that investor confidence is decreasing. Meanwhile, as expected, producer price index (PPI) is also declining, while EU members have just updated the spring forecast and lowered both gross domestic product (GDP) and inflation outlook.

French finance minister Sapan said at a meeting of finance ministers in Brussels on Monday (May 5th) that the strong euro has played a certain role in promoting low inflation in the euro area. Low inflation did not make things easier. He also pointed out that the financial transaction tax will start in 2016 and the important steps have been completed.