The central parity of RMB against the U.S. dollar hit a new low of six years (the video) gamelink

Dollar hit a six year low in October 24th, opportunities and challenges of RMB against the U. S. dollar price fell 132 points by the Zhang Qin Fed rate hike is expected to impact the dollar, influence, American Monetary Fund and other factors to boost the new regulations in October 24th, dollar reported 6.7690, compared with the previous trading day dropped 132 points over the years, a new low. Comprehensive institutional point of view, after the currency devaluation of the RMB exchange rate pressure, pressure rise. Haitong Securities chief macroeconomic and bond analyst Jiang Chao believes that September foreign exchange reserves fell by $18 billion 800 million, more than two months before the outflow speed slightly faster, and since October the exchange rate depreciation pressures still exist, the scale of capital outflows or continue to increase. "The central bank governor Zhou Xiaochuan said the economic indicators have signs of recovery, will be to control credit growth, which means that the RRR or continue to be delayed, and the reverse repurchase period is elongated, also means that the increase in short-term funding costs." He mentioned. Jiang Chao believes that during the national day, including Beijing, Shanghai, including a number of second tier cities issued a real estate regulatory policy, a substantial increase in the purchase or limit credit standards. The real estate regulation significantly overweight, exacerbating the economic downside risk, also means that the demand for long-term funds decreased, long-term liquidity tends to loose. The GF Securities analyst Guo Lei pointed out in the analysis report, the RMB against the U.S. dollar and a basket of currencies in the years after this round of devaluation, but the National Day is really only against the dollar devaluation of the renminbi itself, with little fundamental relationship. "This shows that since October the transaction is $drive. In the dollar index as a benchmark, it was in the first two weeks of October, the appreciation rate of 2.8%, the first week of October, the appreciation rate of 3.3% in. Since October, the U.S. dollar behind the U.S. economic data and Fed officials are expected to raise interest rates brought about by further strengthening." He said. Guo Lei believes that the new monetary fund in October 14th, the new regulations also bring some boost. The new regulations led to a large number of monetary funds to increase investment in U.S. Treasury bonds and other assets, in order to improve the proportion of high liquidity and high security assets, resulting in a phased shortage of dollars. A large number of capital began to return to the United States to accelerate the appreciation of the dollar. In Guo Lei view, this round of devaluation is not the result of rapid deterioration of the RMB macro fundamentals. Have a negative impact, weak export data is low, but a series of high frequency data show that in recent months the export itself may not be so weak; and other economic data released in October Chinese but overall positive bias, GDP stabilized, the industry is relatively high, the investment and consumption rise. Founder Securities chief economist Ren Zeping said that the current environment of China’s foreign exchange development, one is the Federal Reserve to raise interest rates, another India economic take-off. All these provide opportunities and challenges for China’s economy. Due to the Fed’s interest rate hike is expected to lead to stronger dollar, the RMB in the first quarter of a certain downward pressure." Ren Zeping mentioned that the devaluation of the exchange rate is not terrible, afraid of capital outflows, but as long as through a certain capital account control, the overall situation in the country will be controlled. Ren Zeping predicted that in 2017 China’s monetary policy will usher in the adjustment, or at the beginning of the year, the country will once again usher in RRR cut. According to.相关的主题文章: