Ignoring The US Dollar And Strengthening The Central Parity Of RMB Rose By 91 Basis Points

Despite the strong rise in the US dollar index on Friday, stimulated by the beautiful nonfarm data, the RMB exchange rate between the RMB and the US dollar in the domestic inter-bank foreign exchange market was still sharply reduced by 91 basis points to 6.1282 on the 8 day, a new nine month high since March 10th. Market participants believe that the central bank's intention to stabilize the RMB market transaction price by raising the middle price is obvious.

Data released by the US Department of labor on Friday (December 5th) showed that 321 thousand non farm jobs increased in November, easily exceeding the expected level of 230 thousand, and the biggest increase since January 2012. This makes the difference in economic prospects between the United States and most other developed economies more obvious. Some analysts believe that the optimistic employment report in the US has increased the possibility of the FED raising interest rates earlier.

By comparison, Europe The central bank (ECB) is under pressure to expand the asset purchase plan. The tightening trend of monetary policy in the two major economies makes the dollar's medium term appreciation more clear. In the strong Non farm data On Friday, the dollar index rose to its highest level since March 2009. On Monday morning, the dollar index continued trading near the high level of more than five years.

In the domestic inter-bank foreign exchange market, the 5 day trading price of RMB against the US dollar continued to rise at two months low, but it rose rapidly to 6.1397 at the end of the month, but it ended at 6.1502.

Market participants pointed out that the strength of the dollar is superimposed on China's domestic market. monetary policy Relax, the RMB exchange rate has a downward pressure, but the middle price remains relatively strong, which helps stabilize market expectations and avoid large fluctuations in market trading prices.

The people's Bank of China authorized the China foreign exchange trading center to announce that the RMB exchange rate in the interbank foreign exchange market in December 8, 2014 was RMB 1 yuan to RMB 6.1282 yuan, 1 euro to RMB 7.5547 yuan, 100 yen to RMB 5.0545 yuan, 1 Hong Kong dollar to RMB 0.79061 yuan, 1 pounds to RMB 9.5652 yuan, 1 Australian dollar to RMB 1 yuan, New Zealand dollar to RMB yuan yuan, Singapore dollar to RMB RMB, Canadian dollar to RMB yuan, RMB yuan to ringgit, RMB yuan to Russia ruble.