A Slight Concussion Of RMB Against The US Dollar In April 9Th

< p > the people's Bank of China released the US dollar to a href= "//www.sjfzxm.com" RMB exchange rate < /a > intermediate price at 6.1490 on the 9 day, which was 37 basis points higher than the 6.1527 price of the previous trading day, and increased slightly for two consecutive days.

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On the same day, data from China Foreign Exchange Trading Center (P) showed that the spot exchange rate of the US dollar against the yuan closed at 6.2005, a slight decrease of 37 basis points compared with the previous closing price of 6.1968.

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< p > market participants analysis shows that due to the weakening of the US dollar and the steady growth policy in the near future, the pressure of RMB a href= "//www.sjfzxm.com/news/index_s.asp" > exchange rate > /a > continued depreciation will weaken, and the trend will be relatively stable in the short term.

In the international foreign exchange market in April 8th, the US dollar continued to weaken against the main currencies. The US dollar index fell below 80 important points and reached the low point since late March, which has a certain supporting role in the RMB exchange rate.

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In terms of fundamentals, the recently announced policies and measures to expand the scope of preferential tax policies for small and micro enterprises will help stabilize market expectations. At the same time, after a large trade deficit in February, analysts expect that the foreign trade situation will improve in the coming months.

According to the latest Reuters survey median, it is expected that the March foreign trade data will return to the favorable balance. It is estimated that exports in March increased by 4% over the same period last year, which is warmer than the sharp fall in February, while the import growth is expected to be 2.4%.

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Gao Shanwen, chief economist of Anxin securities, believes that in the long term trend, many factors supporting the appreciation of the a href= "//www.sjfzxm.com/news/index_cj.asp" > RMB > /a > over the past 10 years are vanishing and reversing, for example, the current account surplus has narrowed down, and the US dollar disadvantaged cycle is coming to an end. The capital outflow control will be gradually liberalized.

But considering that the private sector's willingness to invest is at the bottom, the future is likely to pick up gradually.

From the medium term of two or three years, the renminbi is still in the path of appreciation.

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