Three consecutive increases in the central parity rate of RMB against the US dollar will focus on the narrow range of 7

category:Finance
 Three consecutive increases in the central parity rate of RMB against the US dollar will focus on the narrow range of 7


It can be inferred that from October 29 to October 30, the central parity rate of RMB increased by 180 basis points in total, which is directly due to the markets expectation of a sharp rise in the Feds interest rate cut on October 31. Cao Yuanyuan believes that, in the context of weak economic data in Europe and the United States and the shift of global monetary policy to easing, Chinas macro policy has increased its counter cyclical adjustment, the economy has shown strong resilience, and the monetary policy is set to highlight. At the same time, RMB assets maintain a greater attraction to foreign investment, which also plays a supporting role in RMB. For the trend of RMB in the later period, Cao Yuanyuan believes that due to the increase of domestic counter cyclical regulation, the market optimism of Sino US trade negotiations, the increase of the expectation of stabilizing the economic fundamentals in the fourth quarter, and the weakening of the US dollar index under the monetary easing path of the Federal reserve, the RMB has reason to stay at a reasonable level and will be arranged around the 7 point in a narrow range. Source: responsible editor of Securities Daily: Yang qian_nf4425

It can be inferred that from October 29 to October 30, the central parity rate of RMB increased by 180 basis points in total, which is directly due to the markets expectation of a sharp rise in the Feds interest rate cut on October 31. Cao Yuanyuan believes that, in the context of weak economic data in Europe and the United States and the shift of global monetary policy to easing, Chinas macro policy has increased its counter cyclical adjustment, the economy has shown strong resilience, and the monetary policy is set to highlight. At the same time, RMB assets maintain a greater attraction to foreign investment, which also plays a supporting role in RMB.

For the trend of RMB in the later period, Cao Yuanyuan believes that due to the increase of domestic counter cyclical regulation, the market optimism of Sino US trade negotiations, the increase of the expectation of stabilizing the economic fundamentals in the fourth quarter, and the weakening of the US dollar index under the monetary easing path of the Federal reserve, the RMB has reason to stay at a reasonable level and will be arranged around the 7 point in a narrow range.