The RMB exchange rate against the US dollar has greatly appreciated, writing a new high in the second half of the year.
According to the surging news report, the RMB -pairing exchange rate on the US dollar on Monday (January 16) opened the market and rose to 6.70, which was the first time in the first six months.
At the same time, the offshore RMB that reflects the expectations of international investors to the US dollar also has strongly increased by 6.70, which is the first time since July last year.
In 2023, the RMB -to -US dollar exchange rate has appreciated by more than 3.6%, and the cumulative appreciation of the exchange rate of the offshore RMB to the US dollar exceeds 3%.
Xuanchang, Vice President of the Bank of China, talked about the appreciationThe implementation of policies and measures is effective, optimizing the prevention and control measures of the epidemic and financial support for real estate policies. In addition, the market expects that the Fed will slow down the pace of interest rate hikes.
For the RMB trend of the market's attention, Xuanchang can say that the current and future trend of the RMB exchange rate will be affected by multiple factors such as the economic and financial situation, international revenue and expenditure, and market risk preferences at home and abroad.It is inevitable.In general, maintaining basic stability has a solid foundation.
Xuanchang can say that in the near future, the Chinese economy has continued to recover the development trend, the epidemic prevention and control is optimized, and China has maintained the basic stability of prices in the background of the global high inflation.The index declines, and China's trade surplus growth rate may fall.Under the comprehensive effect of various forces, the RMB exchange rate will remain smoothly.
