RMB to USD midpoint report6.89

Huitong Network1month13Daily News - Friday(1month13day)According to data from the People's Bank of China, the central parity rate between the Chinese yuan and the US dollar is reported6.8909Yuan, significantly increased compared to the previous day232Point, for1month6The largest increase in recent days. Market insiders point out that the logic of the previous "Trump deal" remains to be verified, with the US dollar rising14It is currently difficult to find new upward momentum after reaching a high level this year, and there is a risk of correcting the "expectation gap". The willingness of bulls to take profits has increased, and there may be a short-term correction and consolidation, further reducing external pressure on the RMB exchange rate.

The central parity rate of the Chinese yuan has significantly increased232Point, achieving the largest increase in a week

[Morning trend]

Beijing Time9:21The USD/offshore RMB rose over the short term100After the point, it quickly fell and has now given up most of its morning gains, trading in6.8563frontline.

The central parity rate of the Chinese yuan has significantly increased232Point, achieving the largest increase in a week

Institutional perspective

According to Zhang Jun, Chief Economist of Morgan Stanley Huaxin Securities,2017The US economy and the monetary policy orientation of the Federal Reserve largely depend on whether the package of fiscal stimulus policies can be implemented and promoted after Trump takes office. In the medium to long term, the US dollar and US stocks still have strong upward momentum and potential. Therefore, the recent strengthening of the RMB exchange rate does not necessarily mean a substantial change in the pressure on RMB depreciation within the year, nor does it mean a fundamental change in the central bank's exchange rate policy. It is expected that,2017The Chinese yuan will depreciate slightly against the US dollar this year, but maintain basic stability against a basket of currencies.

Tang Xiangbin from the Financial Market Department Research Center of China Minsheng Bank believes that external uncertainties may still prolong the expected depreciation of the renminbi, but the upgrading of capital controls will be the main means to cope with capital outflows and guide the supply-demand relationship of the renminbi back to balance.

RMBhttp://news.fx678.com/news/keywords/cny.shtml