Cautious Growth In The International Market For Foreign Exchange

The yuan was extended to the US dollar on Wednesday (January 27th), and the middle price continued to rise slightly.

Traders said that the central bank's intention to maintain stability was obvious, but the exchange rate policy was not clear, leading to market uncertainty and risk aversion.

They also pointed out that the Fed's Conference on interest rates is coming soon, the international foreign exchange market is cautiously warming, and offshore renminbi volatility has also narrowed.

Because of the frequent attempts by regulators to combat cross-border arbitrage, arbitrage disks have declined.

"The stock market movement, everyone is restless, and the results have been suppressed."

A stock trader said, "the more unstable the market is, the more stable it is to understand the market from the Chinese people's ideas."

He also said that the market does not have a clear exchange rate policy at present.

Unstable, "if the expected management is not good, in a short time like this, everyone will panic to buy US dollars to avoid risks."

A person close to the regulator said China's foreign exchange reserves are mainly used to balance the balance of payments, intervene in the foreign exchange market and win time for economic adjustment.

The exchange rate of China's foreign exchange trading center today is 11 RMB 6.5798 against the US dollar, and the trading center has published 12 reference prices every day since January 4th. It is issued at 10 a.m., 11 p.m., 2 p.m. to 11 p.m. per hour.

The Central Bank of China announced in August 11, 2015 that it would improve the quotations between the RMB and the US dollar in order to enhance its marketization and benchmarking.

Since then, the market maker will quote the closing rate of the interbank foreign exchange market in the daily interbank exchange market before considering the foreign exchange supply and demand as well as the exchange rate changes of the international major currencies, and offer the middle price quotation to the China foreign exchange trading center, with a one-time depreciation of nearly 2%.

At 11:55 Beijing time, the renminbi was 6.5797 yuan against the US dollar and 6.5797 yuan on the previous day.

Today, the central parity of RMB against the US dollar is 6.5533 yuan.

It's 6.5548 yuan.

The spot turnover of RMB against the US dollar was US $11 billion 910 million, which was $5 billion 989 million for the first half of the day.

In the global market, the US dollar weakened on the early stage of the Asian session on Wednesday, and the market waited for the US Federal Reserve (FED/) interest rate resolution. At the same time, the rebound in oil prices led to the emergence of currencies such as Canada Dollar.

Back up the rally.

In the overseas non deliverable Forex foreign exchange (NDF) market, the latest US dollar exchange rate for RMB is up to 6.865 yuan in one year, and 6.8615 yuan on the last day.

Hongkong's offshore RMB against the US dollar is up to 6.6121/6.6131 yuan on the spot, and the last trading day is 6.6135 yuan.