offshore RMB Monday (December 5) rose to the 7.00 mark against the US dollar, the first time since September.
Comprehensive Surging News and Sina Finance reports, after several days of continuous appreciation, the offshore RMB exchange rate against the US dollar has risen for the first time in late September.
In the early morning of December 5th, more exchanges that reflect the expected offshore RMB in international investors have risen through the 7.01, 7.00, 6.99 mark, which is appreciated by more than 400 points from the previous trading day to 6.9813The new high since mid -September.
Recently, the exchange rate of the RMB against the US dollar has continued to rise in the shore and offshore market.Among them, the exchange rate of offshore RMB against the US dollar began to appreciate from November 26. After using five trading days, it appreciated from nearly 6.99 near 7.25, an increase of more than 3.6%.
Xia Le, Chief Economist of Spain's foreign banks, said that the United States has continued to raise interest rates, which has put a lot of pressure on the RMB exchange rate this year, coupled with the repeated domestic epidemic in China, and other anti -winds factors to the Economic Belt to the Economic Belt to the Economic BeltThe negative impact came, the RMB exchange rate "broke 7" in the second half of this year, but recently saw some positive changes. With the adjustment of the epidemic prevention and control method, some uncertainty faded, and the yuan rebounded.
Since the beginning of this year, the stable economic measures issued by the Chinese central government and local governments have never been unprecedented. It has the continuous empowerment of existing monetary policy, and continuously reduced tax reduction and exemption.A package of exports.Because of this, the economic growth in the third quarter quickly got rid of the slump, and the GDP (GDP) increased by 3.9%, and the GDP increased by 3%in the first three quarters.In addition to stock policies, the Central and State Council has recently introduced a continuous and economic favorable policy, which has continued to make efforts to stabilize the economy at the end of the year.
The epidemic is the key cause of the internal circulation of poor power attenuation.The epidemic risk is controllable, and the internal circulation power will gradually recover.The situation of the epidemic has improved, and market anxiety that restricts the downward of the manufacturing industry will be eliminated, and market anxiety will be eliminated.The unstable industrial chain and obstructive supply chain will reduce the improvement, the problem of full -chain from production to consumption will also be resolved, and the downward trend of the manufacturing industry will be stopped.
China's economy is basically good and the situation of the epidemic has improved. The Federal Reserve ’s interest rate hike expects to weaken, and the decrease in the US dollar index has also pushed the RMB exchange rate.Internal and external factors are superimposed, injecting the power to the RMB exchange rate.
