The Yuan Fell To &Nbsp Against The US Dollar; The US Dollar Rebounded Intensified The Two-Way Fluctuation Of RMB.

On the 23 day, the RMB dollar inquiry system closed slightly down, and the US dollar rebounded sharply overnight. Today, the middle price has ended the trend of continuous high innovation, which has dropped slightly. The intraday exchange rate has briefly touched a historical high of 6.4605 yuan. However, in the case of a rising dollar, the trend of low position consolidation has been maintained throughout the whole day. Dollar fluctuation Intensified, short-term may widen the two-way fluctuation range of RMB; the official quoted price of the US dollar to RMB is 6.4683 at 6.4736 and 22, and RMB has finally received 6.4676 in the inquiry trading system, 6.4629 on 22 days.

Influenced by new price increases and tail factors, CPI rose almost 6% in June, and the currency conditions that caused inflation are not reversed. It is estimated that the Central Bank of China will raise interest rates. Although the interest rate increases may have a certain impact on economic growth, it may not only save kinetic energy for the future price rise, but also increase the difficulty of the economic restructuring task.

He Keng, deputy director of the finance and Economic Commission of the National People's Congress, said on Wednesday (22) that due to the fact that there is no exact number of boundaries in excess liquidity, it is difficult to see how much the increase in deposit reserve ratio will affect inflation control. At present, after raising the reserve rate six times this year, the fund problem of small and medium-sized enterprises has become very difficult. Many large enterprises are complaining that the funds are very tight now.

Data released by HSBC on Thursday (23) showed China's June HSBC manufacturing industry The PMI preview value is 50.1, lower than the May final value of 51.6, the lowest level in July 2010, and the effect of China's tightening policy continues to appear. Among them, the growth rate of input price index was the lowest in 52.1 months, the lowest in 11 months. Qu Hongbin, chief economist of HSBC China, said that domestic tightening policy and weak external demand reduced domestic demand, coupled with the process of inventory, slowing production growth.

The Federal Reserve kept its benchmark interest rate unchanged at the 0-0.25% interval at the overnight meeting, and said interest rates would stay at record lows for a long time. Due to the recent weak US economic data, the market is expected to raise the QE3 of the Federal Reserve, but Federal Reserve Chairman Bernanke is in the news. Release conference It did not imply that QE3 would be launched, and the US dollar would be good for the short term.

This may suppress the short-term trend of the people, but the medium term appreciation trend is difficult to change.