RMB Meets New Exchange Rate 6Th Anniversary
In July 21, 2011, RMB The reform of the exchange rate formation mechanism is 6th anniversary. On the same day, the exchange rate of RMB against the US dollar has reached a new high of second consecutive trading days.
The China Foreign Exchange Trading Center announced that on the 21 day, the inter-bank foreign exchange market, the US dollar to the central parity of RMB was 1 yuan to the RMB 6.4536 yuan, which was 56 basis points lower than the 6.4592 of the previous trading day, and the RMB exchange rate has been updated for second consecutive trading days.
Statistics show that as of July 21st, the RMB exchange rate has appreciated by 2.62% since 2011. Compared with the 6 years ago, the RMB exchange rate has appreciated by 28%.
Beijing time on the evening of 20, due to the US home sales data fell by accident, housing stocks rose, and the market for the 21 euro zone leaders meeting results have better expectations, the euro and other non US currencies recorded a larger increase in the US dollar, the dollar index fell 0.60% to 74.68 on the same day.
Affected by the weakening of overnight dollar, the RMB exchange rate
US dollar exchange rate
The intermediate price is 21 days to refresh the new high.
In 21 days, between banks.
foreign exchange
In the market, the spot exchange rate of US dollar against RMB has declined considerably, affected by the positioning of the central parity.
On the same day, the US dollar to Yuan inquiry trading opened at 6.4517, closed at 6.4516, and fell 0.12% throughout the day. The intraday price of the spot price changed to 6.4505.
Analysts said that European and American debt problems are facing certain uncertainties. In the short and medium term, the US dollar index is hard to get rid of.
Judging from the overall performance of the recent RMB exchange rate, the trend of RMB appreciation is still continuing steadily, and in the short term, the RMB exchange rate is likely to continue to write a new high.
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