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The Central Parity Of RMB Has Broken Through The 6.77 Pass For The First Time.

2010/9/11 17:30:00 86

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Yesterday, the central parity of RMB against the US dollar sharply opened 192 basis points to 6.7625 yuan, which once again refreshed the historical high since the 2005 reform. In August 9th this year, the central parity of RMB broke through the 6.77 pass for the first time, and it was reported at 6.7685 yuan.

Data released by China Foreign Exchange Trading Center show that yesterday's interbank

foreign exchange

The middle price of the RMB exchange rate in the market is RMB 1 yuan to RMB 6.7625 yuan, 1 euro to RMB 8.5752 yuan, 100 yen to RMB 8.0425 yuan, 1 Hong Kong dollar to RMB 0.87040 yuan, 1 pound to RMB 10.4217 yuan.

After the central parity of the yuan against the dollar yesterday, the opening price of the spot market also rose to 6.7670 yuan, but it was lower than the median price by about 45 basis points.

In this regard, foreign exchange traders believe that the recent fluctuations in the overseas market, and the strength of the US dollar has also largely affected the formation of the central parity of RMB. Therefore, the quotation of the inquiry market will also refer to the situation of the international exchange market.

However, from the point that the overnight international dollar did not weaken, there was some surprise in the opening of the middle price yesterday, so the pace of market follow-up is also somewhat cautious.

Yesterday, the inquiry market was RMB against the US dollar.

Closing price

At $6.7692, it has hit a new high of one month since August 9th of this year, up 140 basis points from 6.7832 yuan on the previous trading day, which is also below the middle price.

The traders said that this has nothing to do with the volatility of yesterday's US dollar index.

Yesterday, the US dollar index index was reported at 82.78 points, which is about 0.16% higher than the closing price of New York's closing market at 82.65 on Thursday.

Foreign exchange analysts pointed out that US Treasury Secretary Geithner will be represented.

Obama

The government's attendance at next week's hearing will focus on how the United States should push ahead with China's latest views on reforming the exchange rate policy, which will be difficult to avoid.

At the same time, the recent Sino US relations are moving in the direction of improvement, and the adoption of some reasonable and incomplete market-oriented ways to raise the RMB exchange rate will be conducive to the progress of the matter.