The Dollar Is Strong, Which Is Unlikely To Prevent The Rise Of The Yuan. The Central Parity Price Has Been Lowered For 4 Consecutive Days.

The US dollar / RMB inquiry system was reported at 6.2633 noon, 6.2644 on Monday. The central parity of US dollar / RMB central bank was 6.1572, RMB 4 was down, and Monday was 6.1563.

Offshore non deliverable forwards foreign exchange (NDF) in the market, the latest dollar / RMB varieties are reported at 6.4010/6.4060, down 6.3980 from 0.05% at the end of Monday. Hongkong's offshore dollar / RMB spot report was at 6.2741/65, ending 6.2717 on the previous trading day.

Traders said that despite the strong performance of the US dollar, a number of big state-owned banks in the early trading market continued to make foreign exchange settlement in the inter-bank market, thus stabilizing the renminbi slightly. Recently, the RMB spot market fluctuates little. Several big state-owned banks continue to operate. Settlement of exchange The renminbi has been promoted slightly.

Traders also said that the recent trend of the renminbi needs to be concerned about whether the exchange rate is more or more, and the strength of the international dollar. Middle price Low opening, while the renminbi is still on a slight upward trend, the stability factor exists in the open market.

China's CPI (consumer price index) rose by more than 5 years in February. Analysts believe that this is mainly attributed to the influence of the Spring Festival factor, which does not mean that the risk of downward inflation has been significantly alleviated.

In the global market, China's CPI is not good enough, but it also pushed the Australian dollar to a 5 week low, while supporting the US dollar. The US dollar against the yen and the euro lingered on the high side for several years, initially due to a low profit taking, but soon dominated the main theme of monetary policy differentiation in the major economies.

Beijing time 13:23, the US dollar / Renminbi reported 6.2628.

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According to a customer survey released by Jason Daw on Monday (March 9th), almost all respondents expect the renminbi to appreciate in the next 12 months.

According to the bank report, 46% of the surveyed investors expect the spot exchange rate of the RMB against the US dollar to be in the 6.20-6.30 yuan range in the next 12 months, and 31% forecast 6.30-6.40, 18% is expected to be weaker than 6.40.

According to the bank report, 55% of investors believe that the central bank will implement the policy of exchange rate stability in the next 12 months, and 42% of the estimated authorities will actively seek the depreciation of the RMB in the policy position of the PBOC.

The bank added that if the Central Bank of China seeks to depreciate, 73% of the respondents believe that the depreciation rate will be less than 4%.