The RMB Is Lower Than The US Dollar And The Market Is Cautious Before The 6.14 Pass.

The Yuan went against the dollar on Monday (September 1st), and the middle price followed the strong dollar.

The pressure of net settlement is heavier, but it is more prudent when approaching the high level of 6.14 yuan.

The US dollar / RMB inquiry system was reported at 6.1406 noon and 6.1432 last Friday.

The central parity of the US dollar / RMB central bank was 6.1680, and last Friday the middle price was 6.1647.

In the overseas non deliverable Forex foreign exchange (NDF) market, the US dollar / Renminbi one year variety is newly reported at 6.2240/74, and last week's five was 6.2280.

The latest offshore dollar / RMB spot report in Hongkong was 6.1450/70, and the last trading day was 6.1484.

Traders said that in the short term, the renminbi may not replicate the previous week's one hundred or two hundred rise.

"As a whole, the settlement of exchange is still too large. The main appreciation pressure comes from the trade surplus, but in the vicinity of 6.14 yuan, the market is hesitant, and the short-term upward trend may slow down."

It is believed that at present, the strength of the US dollar is obvious, the offshore CNH market is weaker than the domestic market, and with the early stage of buying large quantities of foreign exchange in the vicinity of 6.14 yuan, the market performance will be more cautious.

In the global currency market, the euro fell to a 1 year low on Monday, due to the deterioration of the situation in Ukraine. However, the US Monday is on holiday and the central bank later this week announces the resolution.

Leave the field and wait.

"Shanghai Hong Kong Tong" is conducive to improvement

The investor structure further promotes the construction of Shanghai's international financial center and coordinates the process of A share's incorporation into the MSCI index.

The extension of the qualified investors to the personal level and the exchange of funds at home and abroad is an important step for the internationalization of the RMB and the general direction of the national policy.

In addition, "Shanghai and Hong Kong Tong" can increase liquidity, increase investor returns and diversify risks.

This is the potential fringe benefit of interconnection and opening up.