China Financial Daily

Sudden depreciation of RMB rate by 50 basis points intent has not yet changed
The end of the RMB exchange rate yesterday, “Even the five-yang,” the accident of a weak U.S. dollar. China Foreign Exchange Trade Center data show that on the 26th of RMB against the U.S. dollar for 6.8285 U.S., before the trading day, compared with 6.8235. From May 18 of 6.8267 to 5 dated 25 6.8235, 5 trading day before the yuan rose 32 basis points, while the RMB on the day yesterday, down 50 basis points, there has been “over a five-yin-yang” trend . But analysts believe that this does not mean that the central bank’s intentions change.

“We believe that the U.S. central bank set up high and there are no special reasons.” Societe Generale bank foreign exchange dealer operations center in Zhu li “Daily Economic News” said, “there is a period of time before the yuan move up the trend, because the depreciation of the dollar increase in the risk factors. However, the RMB exchange rate against the U.S. dollar’s overall trend should be maintained in a relatively stable or we would not have sustained a large devaluation. “

Related posts:

1. U.S. exchange rate of RMB against the U.S. dollar dropped 50 basis points
   U.S. exchange rate of RMB against the U.S. dollar dropped 50 basis pointsChina Shanghai May...
2. RMB appreciation: RMB against the U.S. dollar rose 192 basis points and then a new high since the foreign exchange reform
   RMB appreciation: RMB against the U.S. dollar rose 192 basis points and then a new...
3. Oct. 20: the central parity of RMB against the U.S. dollar exchange rate decreased 201 basis points
   Oct. 20: the central parity of RMB against the U.S. dollar exchange rate decreased 201...