The yuan rose 118 basis points to 7.0912 against the dollar

category:Finance
 The yuan rose 118 basis points to 7.0912 against the dollar


The peoples Bank of China and the foreign exchange bureau held a video conference on overall strict party governance and discipline inspection and supervision in 2020. Guo Shuqing, Secretary of the Party committee of the peoples Bank of China, pointed out that we must be very careful to grasp the pace and strength of financial regulation and control, more creatively implement monetary policy and macro Prudential policy, more accurately and effectively implement various measures of macro-economic management in the extraordinary period, take six guarantees as the focus of six stability work in accordance with the requirements of the Party Central Committee and the State Council, and stabilize the economy We will play a greater role in stabilizing enterprises and ensuring employment. The U.S. dollar index fell on the 18th, and as of late New York trading, the U.S. dollar index, which measures the U.S. dollar against six major currencies, fell 0.74% to ninety-nine point six six two seven u3002 Huatai Securities believes that the game between economic restart and epidemic recurrence determines whether the second wave of risk aversion demand of the epidemic can come. The effect of normalized epidemic prevention after economic restart in various countries has become a key factor, during which the US dollar index may face large fluctuations. On the one hand, in the process of economic restart, there are repeated worries or persistent epidemics. On the other hand, the differences in the repair speed of different countries make the United States have more comparative advantages. Therefore, despite the repeated uncertainty of the epidemic, the dollar index may continue to fluctuate at a high level until there are substantial and sustainable signals of economic recovery around the world, especially in Europe. Source: Wang Xiaowu, editor in charge of the first financial network_ NF

The U.S. dollar index fell Monday, falling 0.74% to 99.6627 in late New York trading.