RMB Spot Slightly Increased Short-Term Material To Maintain Relatively Strong

China's renminbi rose slightly against the US dollar on Tuesday, ignoring the middle price and marginally derogatory and setting a two month low.

There is hardly a large volume of foreign exchange purchase in the market. The supply and demand remain relatively balanced for most of the time.

At the close, US dollar / Renminbi

At 6.1154, it was 4 points lower than the previous trading day.

Traders believe that the renminbi in the short term

It is mainly affected by market supply and demand. Last week, Japan's new quantitative easing policy and the US dollar's strength once again seemed to have no obvious effect on the supply and demand of enterprises. In addition, this week's APEC meeting, short-term exchange rate stability is a big probability event.

According to the data released by Hongkong Finance Association, the fixed price of US dollar / Renminbi (Hongkong) spot exchange rate in November 4th was 6.1216/36.

"The recent volume of foreign exchange purchases has been significantly weakened, plus the fourth quarter is the time for more foreign exchange settlement. The rise of shocks is a big probability event, but the stronger US dollar will have a negative effect on the rise of the renminbi."

A big trader said.

A share line trader also believes that the trend of immediate demand remains relatively stable before the end of the year, and the overall volatility is lower than before.

It is expected to increase to about 6.10 yuan by the end of the year.

In the offshore market, the 1 year US dollar / RMB non deliverable forwards reported RMB 6.2470/90 yuan.

Global

On the other hand, the US dollar fell slightly against the yen on Tuesday, after a seven year high.

Last week, the Bank of Japan unexpectedly relaxed its monetary policy and pushed ahead with the dollar.

The Hong Kong dollar / Renminbi inquiry system closed at 0.7888, an increase of 3 points compared with the previous trading day, and the 100 yen / RMB inquiry system closed at 5.3799, a decrease of 2174 points compared with the previous trading day; the euro / Renminbi inquiry system was reduced at 7.64870, a decrease of 355 points compared with the previous trading day; the pound / RMB inquiry system closed at 9.7889, an increase of 202 points compared with the previous day; the Australian dollar / Renminbi inquiry system closed at 5.3302 points, a reduction of 338 points compared with the previous trading day; the New Zealand dollar / RMB inquiry system was reduced to 9.7889, less than that of the previous trading day; the Canadian dollar / Renminbi inquiry system was reduced to less than the previous trading day.