As the market has intensified the expectations of US interest rate cuts and the demand for RMB in the RMB, the RMB Friday (August 30) is strong until two months high.Monthly increase.
Comprehensive Reuters and Bloomberg reported that the RMB against the US dollar exchange rate rose to 7.0895 on Friday in the morning, up about 2%this month.
Reporting pointed out that the recent discussions on the risk of RMB appreciation have been heating up. Many investment banks have published research reports or views to estimate the scale of potential exporters' foreign exchange exchange, suggesting the risk of a sharp appreciation of the RMB short -term.In terms of news, Sino -US relations have signs of recovery, and China's domestic economic support policy is still working hard, which is conducive to the improvement of the emotional improvement of the RMB market.
Zhang Jiantai, chief Asian exchange rate strategist of Ruisui Bank, said that RMB pessimism has shifted, and recent stimulus policies are expected to make greater support for China's economic growth prospects.He pointed out that if the RMB appreciates sharply, it will promote exporters to settle in a large number of foreign exchange settlements, thereby further pushing the RMB exchange rate.
