Much Attention Should Be Paid To RMB'S Slight Rise In Exchange Rate Movements.

The renminbi rose slightly against the US dollar on Tuesday (October 27th).

Driven by the continuous opening of the central parity and appreciation of the offshore renminbi, the offshore bank opened at a faster pace on the spot. Traders said that the rise in the US dollar index contributed to the rise in the middle price. The Chinese investment bank has also continued to make more Renminbi in recent days. However, the overnight profit recovery and the increase in the volume of foreign exchange purchase were narrowed.

In the global market, the US dollar fell on the Asian market on Tuesday and was affected by the general decline in Asian stock market. The Federal Reserve Board (/FED) will start a two day policy meeting later today, and the market is cautious.

The exchange rate of China's foreign exchange trading center, which was updated on Thursday, was 11 RMB against the US dollar at 6.3504.

The foreign exchange trading centre began five times a day since August 24th, and issued a reference rate at 10 a.m., 11 p.m., 2 p.m., 3 o'clock and 4 o'clock respectively.

In the overseas non deliverable Forex foreign exchange (NDF) market, the latest US dollar exchange rate for RMB is up to 6.531 yuan in one year, and 6.5335 yuan on the last day.

Off shore of Hongkong

The latest news at the latest is 6.3855/6.3858 yuan, the last trading day was 6.389 yuan late.

Traders pointed out that although there are many foreign exchange purchases, especially in some large companies, the financial companies have bought the foreign exchange market, but they are completely hedged by the strength of the Chinese banks' foreign exchange settlement, which only narrowed the exchange rate gains, and the overall balance of foreign exchange purchase in the market. It is expected that the market will remain stable before the SDR (SDR) assessment results come out.

"To maintain the range fluctuation, SDR will not fluctuate until it is announced. It must be stability. It's been so long. It will not be so bad."

A stock line trader pointed out.

Traders pointed out that in recent days, policy banks

Many of them have basically hedged the strength of the foreign exchange settlement, but the overall market's proprietary trading has been very small, and the fluctuation is not large. The average operating area is between 6.3480-6.3550.

At 12:22 Beijing time, the renminbi was 6.3510 yuan against the US dollar and 6.3529 yuan on the previous day.

Today, the central parity of RMB against the US dollar is 6.3494 yuan, and the middle price of the day is 6.3549 yuan.

The spot turnover of RMB against the US dollar was US $9 billion 424 million, which was $10 billion 400 million for the first half of the day.

China Securities Journal reported on Tuesday that experts say China's "13th Five-Year" (2016-2020 years) is expected to improve the central bank's interest rate regulation system, strengthen market expectations, strengthen price regulation and pmission mechanism, and further improve the RMB exchange rate formation mechanism.

。

The Central Bank of China announced in August 11th that it would improve the quotations between the RMB and the US dollar in order to enhance its marketization and benchmarking.

Since then, the market maker will quote the closing rate of the interbank foreign exchange market in the daily interbank exchange market before considering the foreign exchange supply and demand as well as the exchange rate changes of the international major currencies, and offer the middle price quotation to the China foreign exchange trading center, with a one-time depreciation of nearly 2%.