In the shore RMB (7.2056, -0.0004, -0.01%), the US dollar's current exchange rate stopped the rapid decline in the two days before stopping, and the closing price rose by 144 basis points.On the same day, the RMB's intermediate price of the US dollar was reduced by 23 basis points, which narrowed significantly.
Institutions analyzed that the RMB exchange rate has achieved a rapid stop falling, and continues to show toughness, which also shows that the faster decline was mainly disturbed by external factors.At the same time, the recent signal of the stable operation of the RMB exchange rate release guidance exchange rate has also boosted market confidence.In the next stage, there are still many factors that affect the trend of the RMB exchange rate, and the RMB exchange rate may still fluctuate. However, as the policy effects appear and the economic continuous recovery is better, the fundamental support is expected to gradually increase.
Since late July, the RMB exchange rate trend has weakened again, especially on August 8th to a faster decline in a single day.
In contrast, many institutions believe that the recent decline in the exchange rate fluctuations in the renminbi is mainly disturbed by external factors, especially the short -term rebound caused by the US dollar.Since late July, the US dollar index (102.5150, 0.0279, 0.03%) has rebounded continuously, and has risen from 99.8 to 102.5.On August 8, the US dollar index rose 0.45%, which was roughly comparable to the decline in the exchange rate against the US dollar on the day.From the perspective of price comparison relationships, the US dollar index rose, which greatly lowered the exchange rate of the RMB to the US dollar.
On August 9, the intermediate price of the RMB exchange rate narrowed, and the market exchange rate also ushered in a rebound.
According to the market of foreign exchange trading centers, on August 9, the bank's offshore exchange rate closing price was reported at 7.1989 yuan, an increase of 144 basis points from the previous trading day, ending the "two consecutive declines".According to the data released by the National Bureau of Statistics on the day, the CPI turned on the same year -on -year, and the PPI declined year -on -year and the month -on -month decline."Price data is basically in line with market expectations, and it does not have much impact." A foreign exchange trader said that the RMB market exchange rate can stop falling faster, indicating that the market can quickly digest various factors and show a certain toughness.Recently, faster declines are mainly disturbed by external factors.
In addition, the trader believes that the intermediate price of the RMB exchange rate announced on the morning of the 9th is more tough and also boosted market confidence.The Foreign Exchange Trading Center announced on the 9th that the inter -bank foreign exchange market was reported to the US dollar exchange rate for 7.1588 yuan, a decrease of 23 basis points from the previous value, and the down reduction was lower than the forecast of most institutions.
Industry experts said that in the long run, the RMB exchange rate trend depends on the fundamental fundamental aspect.In the next stage, as the economic recovery and social expectations improve, the favorable factors of stabilizing the RMB exchange rate will increase.
Recently, the relevant parties have frequently spoiled the RMB exchange rate.The meeting of the Political Bureau of the Central Committee of the Communist Party of China on July 24 pointed out that the basic stability of the RMB exchange rate at a reasonable and balanced level should be maintained; on August 1, the work meeting held by the People's Bank of China and the Foreign Exchange Bureau in the second half of the 2023 emphasized that close attention to cross -border cross -border on cross -borderFund fluctuations, strengthen macro -prudential management and expected guidance, and maintain the RMB exchange rate at a reasonable balance level.
