RMB Against US Dollar Closed On Friday

The people's Bank of China authorized the China foreign exchange trading center to announce that in April 11, 2014, the RMB exchange rate between the RMB and the US dollar was 6.1495 in the inter-bank foreign exchange market, an increase of 15 points over the previous trading day. At the close, the renminbi was reported at 6.2113 on the spot, 12 points higher than the previous day, and the daily newspaper 6.2125.

Overnight dollar index bottom stabilized, Friday opened immediately after the rise in the middle price, then the purchase of foreign exchange power emerged, and then basically oscillated near Thursday's closing price.

Traders from a listed city firm told the great wisdom news agency that intra day trading was slack and there was no hot spot in the near future, and there was a slowdown in market volatility.

Statistics bureau announces China's March Inflation data Domestically foreign exchange market The impact is very limited. Analysts point out that inflation will still not be a threat when the momentum of economic growth weakens, and is expected to be controlled within 3.5% of the target year.

Offshore CNH recovered slightly, hitting intraday low of 6.2137, and the afternoon exchange rate rebounded. Beijing time 16:40 points, CNH reported 6.2090.

Data released by China's National Bureau of statistics on Friday showed that CPI rose 2.4% in March compared with 2.3% in the same period last year, compared with 0.5% in March and 0.3% in March compared with PPI in March.

Governor of central bank Zhou Xiao Sichuan Today, at the Boao forum, it is true that RMB convertibility should be realized in general in order to achieve a wider internationalization of RMB. Capital flows are not stable around the world, nor can they be slowed down according to the growth of foreign exchange reserves.

Zhou Xiaochuan said yesterday that the RMB exchange rate should gradually withdraw from normal foreign exchange intervention, and the volatility will continue to expand.

IMF chairman Lagarde said at a press conference 10, currency devaluation is just the fluctuation in the course of RMB internationalization, not the government's regulation. At the same time, Lagarde also affirmed the contribution of China's economic growth to the world economy.

Lagarde explained in particular the issue of devaluation of the renminbi. "I do not think that the recent depreciation of the renminbi is what the Chinese government intends to do. IMF of course welcome the internationalization of RMB in the future. We also believe that China is developing in this direction.