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Exchange Reform To Restart RMB Exchange Rate 1St Anniversary Consecutive Three Days Of Innovation High

2011/6/22 9:13:00 49

RMB Exchange Rate Reform

According to the latest data from China foreign exchange trading center, the central parity of RMB against the US dollar was 6.4690 yesterday, and it was created in third consecutive trading days.

Foreign exchange reform

The new high.

Since China's resumption of foreign exchange reform in June 19, 2010, the appreciation of the RMB against the US dollar has exceeded 5%.


The people's Bank of China authorized the China foreign exchange trading center to announce interbank foreign exchange in June 21st.

market

The central parity of the RMB exchange rate is 1 US dollars to RMB 6.4690 yuan.

On the last trading day of last week, the central parity of RMB against the US dollar was 6.4716. On Monday, the central parity of RMB against the US dollar was 6.4696.


In June 19th last year, the people's Bank of China announced the further promotion of RMB.

exchange rate

In the past year, the appreciation and resilience of "broken step" has become the two major characteristics of the trend of RMB.

To a certain extent, the appreciation played a role in easing the pressure of inflation. However, due to the obvious trend of unilateral appreciation of RMB, the market's expectation of RMB appreciation is stronger and stronger, and the continuous influx of overseas hot money has become an unfavorable factor that restricts China's monetary policy and macroeconomic regulation.


Recently, with the rising exchange rate of RMB against the US dollar, increasing bilateral fluctuations, restraining the continued unilateral rally of RMB against the US dollar, breaking the call for international hot money to bet on the unilateral appreciation of the renminbi is also rising.

Tan Yaling, director of the China Foreign Exchange Investment Research Institute, said yesterday that hedge funds began to sell short.

From the decision-making point of view, we should start to let the renminbi take the initiative to call back.

In addition, enterprises are the biggest carriers of exchange rate, but enterprises have no business now, and their profit margins are no longer available. Instead of allowing enterprises to be forced to pform, the effect of active reform will be better.

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