RMB Central Price Fell 11 Basis Points To Continue Weak Shocks

In April 18th, the central parity rate of RMB against the US dollar was 6.1586, a slight decrease of 11 basis points from the previous trading day, which was only 3 basis points short of the 7 month low of 6.1589, set at 16, 16.

The spot exchange rate of RMB against the US dollar was closed at 6.2190 for 17 days. On the 18 th, in the early morning, the low price of the central parity led to a 13 basis point of 6.2203.

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In the overnight foreign exchange market (P), the US dollar rose against a wide range of major currencies as the latest US economic data were generally positive.

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< p > the US Labor Department reported earlier on Thursday that the number of people who filed for unemployment benefits for the first week of April 12th was 304 thousand, which was better than 315 thousand of economists' average expectations, and the lowest level since September 2007.

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< p > < < Philadelphia a href= > //www.sjfzxm.com/news/index_c.asp > > < /a > > the report shows that the manufacturing industry in Philadelphia has shown signs of growth in April. The index increased sharply from 9 points in the previous month to 16.6 points, the highest reading since September 2013.

As of New York a href= "//www.sjfzxm.com/news/index_c.asp" > foreign exchange market < /a > closing, the US dollar index was 79.85 points, up 0.04%.

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< p > market participants say that the current strength of foreign exchange settlement is basically balanced, and the RMB exchange rate will continue to be weak in the short run.

On the one hand, the downward trend of the economy makes the RMB exchange rate suffer from a certain devaluation pressure; on the other hand, China's economic growth is still relatively high compared with the external market, and the interest rate between China and foreign countries is still attractive to international capital. < a href= "//www.sjfzxm.com/news/index_c.asp" > RMB /a still has a medium term appreciation basis.

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"P", coupled with repeated economic recovery in the US, will cause the US dollar to continue to oscillate in the medium and short term.

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< p > April 18th, the other main currencies of the interbank foreign exchange market were RMB 1 yuan to RMB 8.5066 yuan, 100 yen to RMB 6.0304 yuan, 1 Hong Kong dollars to RMB 0.79421 yuan, 1 pounds to RMB 10.3391 yuan, 1 Australian dollars to RMB 5.7625 yuan, 1 New Zealand dollars to RMB 1 yuan, Canadian dollar to RMB RMB yuan, RMB yuan to lringgit, RMB yuan to Russia ruble.

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