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

2011/5/17 16:09:00 70

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* the central parity of RMB against the US dollar continues to weaken.

* US dollar index rebounded stronger than market expectations.

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

The renminbi fell against the US dollar on Monday, which was dragged down by the middle price. The European debt crisis has repeatedly led to a stronger rebound in the US dollar index than expected in the market and a slight adjustment pressure on the renminbi.

However, traders believe that the strength of the early Yuan indicates that the central bank hopes to control inflation pressure through proper appreciation, and that the short-term rest of the RMB will not change the trend of long-term strength.

Closing price

Highest price

Minimum price

Intermediate 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 didn't expect the European debt crisis to get serious again. The US dollar index has hit 76 today, and the middle price of these two days should be affected by this," said a bank trader in Shanghai.

The US dollar index was the latest 75.650, down 0.107, or 0.14%, and today it has hit 76.001.

The trader pointed out that although

RMB

The short term trend has been repeated, but the relative rebound rate of the US dollar is not very strong. The trend of overall appreciation will not be affected, and there will be some two-way fluctuations in the rally, which is also consistent with the intention of the central bank to enhance exchange rate flexibility, which should be welcomed by the central bank.

Tokyo's Euro dollar fell to a seven week low against the dollar on Monday, falling to a two month low against the Japanese yen and is currently testing key support areas after the arrest of Strauss Kahn, the president of the International Monetary Fund (IMF), at the weekend for alleged sexual assault, made it even more uncertain about the aid of Greece and other highly indebted euro zone countries.

The following is 16:42 Beijing time, offshore.

market

RMB quoted price:

Today and tomorrow

NDF one year RMB / US dollar 6.3890/25 6.3620

Hongkong offshore market RMB to us dollar spot 6.5000/30 6.4880

In the domestic market, the US dollar swap to the renminbi is one-year swap. The latest turnover is a discount of 880 points, which means that the renminbi will reach 6.4194 yuan against the US dollar in one year.

The Central Bank of China announced in June 19, 2010 that it would restart the reform and increase the RMB.

exchange rate

Flexible, and continue to dynamically manage and adjust the RMB exchange rate fluctuation according to the floating interval of the announced foreign exchange market, and indicate that the RMB exchange rate does not fluctuate substantially.