This week, the central price of RMB rose 105 points, or vibrated at 68-72 in the second half of this week
- Beijing, July 24 (Xinhua) the central price of the RMB against the US dollar fell 17 points to 6.9938 yuan on July 24, according to the data of China foreign exchange business center. This week (July 20-24), the central price of the RMB against the US dollar rose 105 points.
Screenshot of website of China foreign exchange business center
This week, the exchange rate of RMB against the U.S. dollar fluctuated around the 7.0 level. On July 22, the onshore RMB rose more than 300 basis points against the US dollar in the morning, breaking through the 6.97 barrier and rising to 6.9650, the first time in three months. Offshore yuan also rose nearly 100 basis points, China Fucai fast three official website download, the highest rise to 6.9649.
However, under the influence of unexpected news, the official website of Fucai kuaixiao was downloaded. As the closing of the 22nd, the US dollar index staged a \
In addition, on July 23 local time, the US dollar index, which measures the US dollar against six major currencies, fell 0.31% and closed at 94.6906 at the end of the foreign exchange market, to its lowest level in nearly two years. According to some analysts, the European Union countries have reached an agreement on the 750 billion euro recovery fund, which has stimulated the market's belief in the recovery of the euro zone economy, pushed the euro to the highest level against the US dollar since January 2019, and made the US dollar index fall continuously, and the response of many non-U.S. currencies strengthened.
The trend of the
dollar index is related to the turning point of the exchange rate of many non US currencies. In spite of the overall foreign exchange market of duya in recent years, the US dollar index tends to move down. The main non-U.S. currencies are in the appreciation channel. RMB, Australian dollar, New Zealand dollar, euro and British pound have shown different degrees of rise against the US dollar.Wang Youxin, a researcher at the Research Institute of Bank of China, said that under the influence of factors such as the recovery of the U.S. epidemic situation, the delay of economic restart, the slow recovery of the economy, and the extremely loose monetary policy, the US dollar index continued to shake down, weakening the external constraints on the RMB exchange rate. CITIC Securities clearly believes that in the second half of the year, the impact of the US election trend on the US dollar index is gradually increasing. No matter who is elected, no matter who is elected, the US fundamentals and capital markets will not be allowed to show a big shock, so the downward pressure on the US dollar and US stocks may be relatively limited. As for the trend of the RMB exchange rate, Wang Youxin predicted that the RMB exchange rate will continue to shake up in the second half of the year. In view of the complicated situation of the RMB exchange rate, we should be alert to the pressure of the international financial market. Lian Ping, the founding economist of Zhixin investment and President of the Research Institute, believes that China's economy is basically oriented to the benefits, while the US economy and employment slump are more important, forming a weak dollar. Looking forward to the second half of the year, the US dollar index may be in a downward trend, and the RMB will appreciate slightly, surrounding the central vibration of 6.8-7.2. (Zhongxin Jingwei APP)