Huitong Finance APP News - On Thursday (November 2), as the US dollar weakened, the RMB remained stable and the offshore RMB remained strong. The RMB exchange rate remained stable on Thursday, while the offshore RMB exchange rate against the US dollar strengthened as investors bet on the expanding yield of Sino US bonds
On February 10, China Foreign Exchange Trading Center was authorized to announce that RMB was worth US dollars, euros, Japanese yen, Hong Kong dollars, British pounds, Australian dollars, New Zealand dollars, Singapore dollars, Swiss francs, Canadian dollars, ringgit, rubles, rands, Korean dollars, dirhams, rials, forint, zloty, Danish kroner
Last week, the offshore RMB exchange rate suffered a heavy blow, and this week it directly fell below the important threshold of 6.8. However, in the last two days, the RMB has started a violent rebound, rising 400 points, and recovered this important threshold. There are two important driving forces behind it. First, just
On December 20, the central parity rate of the RMB against the US dollar fell by 115 basis points to 6.9861. The People's Bank of China authorizes China Foreign Exchange Trading Center to announce that on December 20, 2022, the central parity rate of the RMB exchange rate in the inter-bank foreign exchange market is 1 dollar to the people
On December 19, the central parity rate of the RMB against the US dollar increased by 45 basis points to 6.9746. On December 16, the CFETS RMB exchange rate index was 98.94, down 0.07 on a weekly basis. The People's Bank of China authorizes China Foreign Exchange Trading Center to publish
On December 14, the RMB's exchange rate against the US dollar continued to rebound. As of 16:30 on the same day, the onshore RMB exchange rate against the US dollar was 6.9400 yuan, 411 basis points higher than the previous closing price; The offshore RMB exchange rate against the US dollar was 6.9418 yuan, 21% higher than the previous closing price
On December 15, the central parity rate of the RMB against the US dollar increased by 192 basis points to 6.9343. The People's Bank of China authorizes China Foreign Exchange Trading Center to announce that on December 15, 2022, the central parity rate of the RMB exchange rate in the inter-bank foreign exchange market is: US $1 to the people
After the collapse of the "gold dollar system", the petrodollar successfully "took over", and the "petrodollar system" has become an important factor to continue to support the hegemony of the dollar. Since 2000, many countries have begun to try "oil non US dollar currency", the outbreak of Russia Ukraine conflict and related financial sanctions,
On December 13, the central parity rate of the RMB against the US dollar fell 181 basis points to 6.9746. The People's Bank of China authorizes China Foreign Exchange Trading Center to announce that on December 13, 2022, the central parity rate of the RMB exchange rate in the inter-bank foreign exchange market is: US $1 to the people
RMB exchange rate "broke 7" Looking back at this round of game between the RMB exchange rate breaking "7" and returning to "6", in the middle of September this year, the spot exchange rate of the RMB against the US dollar fell below the "7" threshold for the first time since July 2020, and after that, it has gone down all the way to 1
The People's Bank of China authorizes the China Foreign Exchange Trading Center to announce that on December 12, 2022, the central parity rate of the RMB exchange rate in the inter-bank foreign exchange market will be 6.9565 yuan per dollar, 7.3191 yuan per euro, and 5.085 yen per yuan
The central parity rate of the RMB against the US dollar rose 18 points to 6.9588 on the 9th, and the central parity rate of the RMB rose 954 basis points this week. On the 5th, both onshore and offshore RMB rose above the integer mark of 7 against the US dollar, up nearly 1000 points within the day. China Foreign Exchange Trading Center
Since November, the exchange rate of RMB against the US dollar has rebounded strongly, changing the weakness from March to the end of October. The exchange rate of US dollar against offshore RMB (CNH) and US dollar against onshore RMB (CNY) fell by more than 4.6% from the highs set in October
Today (22nd), the People's Bank of China authorized the National Interbank Funding Center to announce that on August 22nd, 2022, the quoted interest rate in the market for loans with a term of one year or more, that is, LPR, will both be lowered. LPR is the new benchmark interest rate
Recently, the Executive Board of the International Monetary Fund (IMF) completed its five-year review of the fixed value of Special Drawing Rights (SDR), and unanimously decided to increase the weight of RMB from 10.92% to 12.28%, an increase of 1.36 percentage points. This review is
In the Asian market on Wednesday (December 8), both onshore and offshore RMB strengthened significantly against the US dollar, with daily gains of more than 100 points. The onshore RMB hit 6.3522 against the US dollar, the highest since May 2018. (onshore RMB exchange
The US dollar index rose overnight. The two-day monetary policy meeting of the Federal Reserve has been held, and investors are waiting for a new signal to announce a reduction in bond purchases. In the morning session of Asian market this day, the dollar index continued to fluctuate at 94
The US dollar index weakened this week. After the biggest one-day increase of more than four months cooled in the last trading day, the market is now closely following the FOMC meeting of the Federal Reserve and the non-agricultural employment report, ahead of the Federal Reserve's monetary policy
The dollar index is weak overnight and is currently at 93.388 level. The economic growth rate of the United States dropped sharply in the third quarter, dragging down the weak trend of the US dollar. The European Central Bank admits that high inflation continues, and
At the beginning of the European market on Thursday (October 28), the RMB fell under pressure and once hit the 6.40 threshold. The debt crisis of Chinese real estate developers and the renewed tension between China and the United States all depressed prices. Dragged by stronger demand for US dollars, the RMB weakened on Thursday, once falling below the key threshold to
Recently, the RMB has continued to climb, and the onshore and offshore RMB is not far from the four month high. Some analysts pointed out that China's export growth means that the one-year rise of the RMB is far from over. The RMB has overcome a series of risks and has been the top currency in Asia since this year. Several
The dollar index rose slightly overnight, and was in a narrow fluctuation trend during the session, currently at the 93.918 level. The US housing prices may have peaked after soaring, and the median transaction price of new houses is higher than 40
The dollar index has stabilized after rebounding from a one month low, while the euro, yen and Swiss franc have weakened. Traders assess the prospects of national currencies and interest rate rises, and wait for the monetary decisions and communication of multinational central banks to be announced this week
Last week, the US stock market still recorded a strong upward trend due to the strong performance of corporate performance, while the US dollar index continued to decline due to risk preference in the foreign exchange market. The weak yen of the previous week
On Friday (October 22), the recent rapid rise of RMB temporarily took a breather. Both offshore and onshore RMB rose slightly, and the central parity rate of RMB fell. Asian market on Friday, small amount of onshore RMB
In view of the improvement of the latest US employment and real estate data, the yield of US treasury bonds rose against the trend, and the US dollar index also rebounded overnight, which is currently at a level of 93.707. US President Biden's Outlook
In view of the return of market risk appetite, which has contributed to the continued weakness and decline of the US dollar index, the market is focusing on the rise of commodity prices, and is concerned that the global central bank may raise interest rates ahead of schedule to fight against the high inflation environment. Hawkish country
