Golden week in eventful autumn the central parity of RMB nine days of holiday where – Beijing

Golden week in "eventful autumn": the central parity of RMB off new network nine days where – in the title: "Golden Week" with the "eventful autumn": the central parity of RMB nine days of holiday where? China News Agency, Beijing, October (Xia Bin) – China’s National Day holiday closed two days weekend, the official price of RMB against the U.S. dollar has not met with the public for nine days on the 9. When Chinese people immersed in the "Golden Week" leisure time, the global financial market is in "an eventful year": the sharp fall in sterling, Deutsche Bank Crisis fermentation, U.S. payrolls data released China influence the Fed rate hike expectations; foreign exchange reserves declined for 3 consecutive months, many bursts of market regulation policy. Without the "holiday" offshore renminbi market undercurrent. The offshore renminbi for $6 this month fell below 6.7, on the 7 day morning was demoted to 6.7182, hit year lows, and did not open the onshore Renminbi spreads to expand to more than 400 points. These events should be on vacation nine days, will soon be announced in the second half of the RMB against the U.S. dollar, the central parity of the RMB exchange rate to go where the attention of the 10. Next Monday (10 may) out of the central parity of RMB will be at the top of the 6.69, close to 6.7." Xiao Lisheng, deputy director of the Institute of international finance, Chinese Academy of social sciences. He pointed out that the central parity of RMB formation mechanism is the "closing rate + to a basket of currencies exchange rate changes, the 7 day Asian market in early trading against the dollar plummeted over a short time 10%, the dollar index continued to rise by two variables will cause the central parity of rmb. The dollar index during the national day as a whole showed an upward trend, once exceeded 97, is now stable at the top of the 96, which increases the pressure of devaluation of the rmb." Xiao Lisheng believes that the Fed will raise interest rates in the future is still an important factor affecting the RMB devaluation. Although the latest data show that in September the United States added 156 thousand nonfarm payrolls, less than expected, but the Fed officials on the U.S. economy is not pessimistic. Fed vice chairman Fisher believes that the data is "very close" ideal economic level, shows that the U.S. economy has been in progress, but did not grow too fast, do not cause the risk; the Cleveland Fed President Meister said that the employment market performance "steady", the income is growing, all future FOMC meetings are the interest rate hike may. Xiao Lisheng pointed out that although the idea that the latest U.S. payrolls data will cut interest rate expectations, but the statement from Fed officials, raising interest rates and not the overall judgment is consistent, in December this year, the Fed is still more likely to raise interest rates, so to the end of this year, the RMB devaluation pressure will continue. As for the Chinese foreign exchange reserves declined for 3 consecutive months in September to reduce the $18 billion 785 million, Xiao Lisheng said, the data reflects the Chinese government is responding to the outflow of capital, on the other hand to show China bank used the external storage stability of the RMB exchange rate attitude. China’s central bank governor Zhou Xiaochuan said that China’s recent capital outflow pressure eased, taking into account China’s economic operation in a reasonable range, the current account continued to maintain a surplus, China cross-border)相关的主题文章: