RMB Closed Below 6.15 On Friday, A New Low.

RMB P fell sharply against the US dollar on Friday, and hit a 10 month low.

The median price has been slightly reduced to more than three months low, and the long-term purchase of foreign exchange has increased significantly, driving off shore and offshore spot prices to expand at noon.

Although this week has been derogated from 0.39%, the short-term direction is still unclear.

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< p > recently, China's "a href=" //www.sjfzxm.com/news/index_c.asp "economic data < /a" has greatly worried the market. In February, the trade deficit and industrial added value were weaker than expected, which made the market believe that there was a real reason for the collapse of the RMB in that month.

When China's downward pressure on the economy has been resolved, it has become the most concerned issue in the market.

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< p > a large Chinese trader said that there is no direction in the spot market. The main thing is to follow the middle price and do more risk aversion.

However, the expectation of depreciation has recently been pmitted to the forward market, and the forward purchase of foreign exchange is far from rising.

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< p > a number of traders said that there was a large purchase of foreign exchange in the forward market recently. At the same time, influenced by the No. 20 article issued in May last year, some banks chose to purchase foreign exchange in the forward market to meet the loan to deposit ratio.

But today there are some foreign exchange settlement in the long run.

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According to Reuters poll, in recent weeks, RMB popularity has been shorting for the first time since mid 2012, because the people's Bank of China lowered the value of Renminbi to suppress speculators. P

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"P" > Global a href= "//www.sjfzxm.com/news/index_c.asp" > foreign exchange < /a >, the safe haven currencies such as the Swiss franc and the Japanese yen were popular on Friday, and rose overnight, due to the tense situation in Ukraine, and the worries surrounding China's economy continued to ferment.

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The spot rate of RMB P will not be able to have any opportunity to choose a side station at this stage.

China's internal and external fundamentals are facing various uncertainties. The expected differentiation after the tumble of the renminbi has been deliberately maintained by regulators or deliberately, and the two-way fluctuation of the exchange rate in the medium and short term is strengthening.

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< p > the following is the onshore market, < a href= "//www.sjfzxm.com/news/index_c.asp" > RMB to us dollar < /a > closing price, middle price, and the main quotation of RMB in offshore market: < /p >

< p > spot price 6.1502 6.1361 -0.23% < /p >

< p > intermediate price 6.1346 6.1320 -0.04% < /p >

< p > Turnover Volume 17 billion 900 million US dollars < /p >

< p > the maximum amplitude in the day relative to the intermediate price is -0.28% (upper limit + 1%) day high day low < /p >.

< p > intra day fluctuation range (PIPS) 1426.1378 6.1520 < /p >

< p > 2014, the spot depreciation rate increased by -1.57% < /p >

< p > 1 years USD / RMB swaps premium 340 < /p >

< p > offshore RMB market, Beijing time 16:57 today today, /p

< p > 1 year NDF 6.2091/28 6.197 < /p >

< p > CNH spot 6.1508/15 6.1385 < /p >

< p > the Central Bank of China announced in June 19, 2010 that it would restart the reform of the exchange rate, enhance the flexibility of RMB exchange rate, and continue to dynamically manage and regulate the fluctuation of the RMB exchange rate in accordance with the floating interval of the announced exchange market exchange rate.

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< p > related links: < /p >

Less than P, people familiar with the matter said that the EU and China are close to reaching a settlement agreement, which will cover three major trade disputes strained by the two sides.

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Less than P, people familiar with the matter said that the agreement could be announced at the end of March when Chinese President Xi Jinping visited Brussels.

According to people familiar with the matter, the agreement may resolve the possibility of a high risk trade war between China and Europe.

If there is a trade war between China and Europe, then telecom equipment, red wine, solar panels, polysilicon and many other products may be implicated.

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< p > according to the settlement agreement, the EU may withdraw the threat of punitive tariffs on telecom equipment exported to China's Huawei Technologies Co. and Zte Corp ZTE Co. (Huawei).

In exchange, China may promise to open wider China market to European equipment suppliers.

People familiar with the matter said China could also recover the threat of punitive tariffs on European red wine and polysilicon.

Matthew Dalton < /p >