China Financial Daily

Bank of the accident hit the RMB exchange rate for the first time in January to return to the region 6.83
From April to the U.S. dollar fell against all the world’s currency and the RMB exchange rate slightly higher yesterday to a big reversal. The central bank yesterday’s accident will be the U.S. dollar against the RMB exchange rate by 50 basis points rate increase to 6.8285 yuan against one U.S. dollars, nearly two months for a single day since the most significant exchange rate adjustments. In the spot foreign exchange market, closing yesterday at 6.8325 RMB exchange rate has fallen for the first time in nearly a return to the region 6.83.

Accidents for the central bank’s move yesterday, the market is generally considered the U.S. dollar in the international markets last week’s sell-off wave hit, the RMB exchange rate to be supported in the short term, lower rate of RMB to “maintain the RMB exchange rate stability”, traders are expected to RMB the next few days the exchange rate will continue to fluctuate within a narrow range, short-term depreciation will not be continuing the trend of the RMB.

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