In August 4Th, The Balance Between Supply And Demand Of RMB Against The US Dollar Was More Balanced.

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< p > RMB rose against the US dollar on Monday (August 4th) midday, and maintained a narrow consolidation in the midday, and supply and demand were more balanced.

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< p > US dollar / RMB inquiry system was reported at 6.1772 noon and 6.1798 last Friday.

The central parity of the US dollar / RMB central bank was 6.1661, and last Friday the middle price was 6.1681.

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In the overseas non deliverable Forex foreign exchange (NDF) market, the latest US dollar / Renminbi variety is reported at 6.2457/97, and last week's five was 6.2490 at P.

The latest offshore dollar / RMB spot report in Hongkong was 6.1738/58, and the last trading day was 6.1790.

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< p > traders think that < a href= "//www.sjfzxm.com/news/index_cj.asp" > RMB < /a > after adjustment for a long time, there is a demand for adjustment and the expectation of the enterprise is not fully appreciated. All of these make the paction price stabilize temporarily at the current price.

"At present, the direction of the spot is still uncertain, the direction of the paction depends on the customer's disk, but on the whole, the supply and demand are relatively balanced, and the price automatically adjusts supply and demand."

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< p > other traders said that the expectation that the United States withdrew from quantitative easing (QE) and raising interest rates all made offshore market investors less willing to short the US dollar and limited the rise of CNH in Hongkong.

"In addition, the price difference between domestic and overseas swap markets is not large, and arbitrage pactions are not large, which makes the settlement of foreign exchange at sight not appear in large numbers.

In the latter stage, the renminbi is still likely to rise in two-way fluctuations.

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The discount rate of RMB P relative to the middle price has narrowed to the minimum since March, which means that the monetary authorities have reduced the level of intervention to the foreign exchange market.

The CBA said that the exchange rate of the RMB exchange rate relative to the intermediate price has narrowed to the smallest since the expansion of the trading interval in March, indicating that the monetary authorities have reduced the level of intervention in the exchange market.

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Rui Yin, chief economist of China (UBS), Wang Tao, at a previous meeting of IMF, pointed out that the Central Bank of China needs to monitor more closely the actions of other major central banks and its impact on foreign exchange liquidity into China, and to increase exchange rate flexibility so as to allow exchange rate adjustment to assist its monetary policy management.

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The US dollar began to calm on Monday when p < > a href= "//www.sjfzxm.com/news/index_s.asp" > foreign exchange < /a >, after a series of economic data pushed back the anticipation of the time when the Federal Reserve began to raise interest rate cycles, resulting in the largest single day decline in the US dollar in the past month.

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