RMB Fall, Market Condition Is Light, Price Dimension, Steady State Potential, Material Continuation.

The yuan depreciated against the US dollar on Monday (November 3rd), but the trading between the two exchanges was relatively light.

The US dollar index continued to strengthen, and the middle price went down to its lowest level in more than a month.

But in the morning, the market was light, the price fluctuated little, and the overall trend remained stable.

Traders believe that, including Japan's introduction of new quantitative easing policy and the further strengthening trend of the US dollar, the short-term impact on supply and demand in the domestic foreign exchange market is still not obvious. The market still expects the spot price to be stable.

A foreign trader trader said, "after the US dollar rises, the possibility that the renminbi will depreciate is not very big. After all, if the RMB reverses, it may have an impact on capital outflow. The regulators may still want to maintain stability."

She said, today

There is no big plate, the deal is very light.

In the morning, there were some foreign exchange purchases after the official non manufacturing PMI in October, but the price change was not large.

It is expected that stability will rise slightly before the end of the year.

A share trader thinks that

After that, the market has been able to run away from the middle price, so even if the intermediate price is adjusted with the strong US dollar index, the market price may not be linked.

In the short term, exchange rates remain stable, and the authorities and market focus may be on domestic financial market reforms, including interest rate reform.

In October, the official non Manufacturing Purchasing Managers Index (PMI) in China reached the lowest level in nine months, but still far above the ups and downs line, indicating that the non manufacturing activities continued to expand. The new order index ended two months in a row, and recorded the highest in five months, indicating that the foundation for the four quarter's economic stabilization and recovery still exists.

On Monday, the yen fell to a seven year low against the US dollar in the global market, continuing the decline triggered by the Bank of Japan's unexpected decision to increase the debt purchase stimulus plan.

At 13:08 Beijing time, the US dollar was RMB 6.1173 yuan against the yuan, and it received 6.1135 yuan on the previous day.

Today, the median price of US dollar to RMB is 6.1525 yuan, and the middle price of the previous day is 6.1461 yuan.