Renminbi Morning Post6.29】Mid price drops three times in a row, refreshing2010New low since the end of the year

6month28Daily Renminbi to US Dollar Intermediate Rate Report6.6528, down from the previous trading day153One basis point, for the third consecutive trading day of decline and refresh2010year12A new low since the beginning of the month. Closing price of RMB/USD spot exchange rate6.6393Downgrade135Basis points.


Market Review


6month28On the same day, the spot exchange rate of RMB against the US dollar in the onshore market continued to decline, but the volatility range significantly narrowed, falling below the intraday level6.65Integer threshold, refresh2010year12The lowest level since the beginning of the month. The central parity rate of the Chinese yuan has experienced a significant drop over the past three days870One basis point, continuing to hit a new low in five and a half years. The offshore Chinese yuan has temporarily stabilized against the US dollar.


Onshore market RMB/USD spot exchange rate Beijing time16:30Closing report6.6487Compared to the closing price of the previous trading day6.6393fall94One basis point, briefly fell below during trading6.65Integer threshold, with a fluctuation range of6.6458-6.6534Transaction volume248.22USD100mnForeign exchange gold


The central parity rate of the Chinese yuan against the US dollar has fallen153One basis point, falling below6.65Pass to6.6528, refresh2010year12The month has hit a new low, but the decline has significantly narrowed compared to the previous day. Affected by the Brexit referendum in the UK, the central parity rate of the Chinese yuan has fallen in three trading days870Basis points.


[Official News]


6month28On the morning of the day, the central bank launched an open market operation7Tianqi1800Billion yuan reverse repurchase operation, with the winning bid rate maintained at2.25%It will achieve a single day net advertising700Billion yuan, for6month14The 11th consecutive net investment in recent days.


According to the RMB channel of China Financial Information Network, there were a total of6600RMB100mn7Deadline reverse repurchase; Among them, from Monday to Friday, there are1700、1100、1500、600and1700Billion yuan reverse repurchase due. This week, there are no regular repurchases or central bank bills due. Last week's net public market investment3400One billion yuan, the largest weekly net investment scale in two months.


6month28day(Tuesday)The overall supply of funds in the interbank market remains balanced, with limited changes in the main term repo rates. The central bank maintains a certain level of investment intensity in the open market, and short-term capital expectations are stable. It is expected that the possibility of liquidity fluctuations before the end of the second quarter is relatively small.


Central Bank Shanghai Headquarters28Recently, there have been media reports thatforeign exchangeThe Shanghai branch of the bureau has suspended personal investment in foreign exchange purchases, and the relevant reports are untrue.
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