The Central Parity Of RMB Against The US Dollar Dropped By 15 Basis Points.

< p > following the running rhythm of the overnight dollar, the domestic RMB against the US dollar was slightly lower on Thursday (May 8th).

According to the China foreign exchange trading center, the RMB exchange rate between the RMB and the US dollar in the interbank foreign exchange market was set at 6.1557 on the 8 day, down 15 basis points from the previous trading day.

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< p > market participants pointed out that in recent years, the central parity of RMB has not fluctuated as a whole, releasing the intention of stabilizing the RMB exchange rate trend. However, under the influence of the steady growth of domestic economic growth and the relaxation of the expected expectation, the possibility of short-term appreciation of RMB appreciation is very small.

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In the international foreign exchange market overnight, the US dollar index rebounded from 7 months to a little lower. The US dollar closed down and rebounded slightly during the trading hours in New York, such as "a href=" //www.sjfzxm.com/news/index_cj.asp "euro" /a "and Japanese yen.

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Yellen, chairman of the United States Federal Reserve "/a", continued to maintain a moderate policy stance on Wednesday when she testified at the Joint Economic Committee of the United States. < p > > a href= "//www.sjfzxm.com/news/index_cj.asp >" the Federal Reserve "/a" continued to maintain a moderate policy stance.

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< p > Yellen promised that as long as the employment situation improves, the Fed will continue its current process of reducing debt purchases.

After the statement of Yellen's testimony, the yield of us long term treasury bonds rose slightly. At the same time, investors thought that the short-term adverse factors of the US dollar were clear, and jointly promoted the profits of the US dollar short.

Foreign exchange analysts pointed out that the short-term adjustment of the US dollar is considerable and is expected to rest slightly.

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In the domestic market, Wednesday (May 7th), the renminbi weakened against the a href= "//www.sjfzxm.com/news/index_cj.asp" > US dollar < /a > spot exchange rate, which failed to extend the fast rebound trend of the first two trading days of the week, and deviated from the guideline of the middle price of that day.

According to the announcement, on the 7 day, the central parity of RMB against the US dollar was 6.1542, up 23 basis points from the previous day.

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< p > foreign exchange traders pointed out that after the rapid rise of RMB in early Zhou Dynasty to the early consolidation area, the mood was warms up. In addition, the market worried that the April trade figures that will be announced would have an uncertain effect on the market, leading to a return to the short-term gains.

In addition, oil companies in the market to buy dollars at a low level is also one reason for the weakening of the renminbi.

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< p > analysts said that after the relaxation of the daily fluctuation in the RMB market exchange rate, the exchange rate market expected to be divided, resulting in a marked increase in the fluctuation of the exchange rate. This is perhaps what the central bank would like to see, because the central bank has reiterated that the market will play a greater role in the formation of the exchange rate.

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