Xinhua news agency: RMB accident go up to the central bank or guide

Shanghai on October 12 special telegram problem: RMB accident go high central bank intends to guide?

The xinhua news agency reporter has Xin

The RMB against the us dollar exchange rate the middle price in the previous trading day rebound to 6.33 gates, 12 continue to rise sharply to 6.32 gates, and record high since July. The middle rate accident is going higher, the market suddenly some messy, what is the central bank to dimensional stability or let the RMB exchange rate to continue upward?

The United States released the latest employment data significantly better than expected, and promote the market risk mood, the dollar pressure drop. In this context, 12, dollar renminbi middle rate set to 6.3264 yuan, nearly three months a record high since.

Sharp Ann asset management co., LTD., market channel director LiuShuai think, China's central bank issued a strong signal to support the yuan, to further encourage market to see more RMB.

Thus in the spot market, the RMB against the us dollar high to 6.27-6.28 range, and every now and then touch 1% of fluctuation interval upper limit.

The personage inside course of study thinks, the recent support higher main factors come from domestic and foreign two aspects:

On the one hand, the American election really caused some to RMB appreciation pressure. The United States senate 11, regardless of the outside question and opposition, votes 63, 35 votes against the voting results, through the "in 2011, the currency exchange rate surveillance reform act. Xiamen yao and yao investment management company technical director LuJun points out, the international general public opinion is that the move is aimed at China, aims to persecute the speedy appreciation of the yuan. So generally expected the appreciation of the renminbi, choose do more than RMB.

In China, although economic fundamentals did not happen too big change, but the central bank acquiescence or guide the yuan appreciation expectations can effectively alleviate the situation of capital flight. "If the formation of depreciation, the expected capital outflow will speed up. So I want to the central bank should be happy in the yuan," Shanghai jiaotong university (micro Po), antai school of economics and management college associate researcher HuangShaoQing told reporters, "but this increase is limited, so as not to drag the foreign trade enterprise."

Since the beginning of this year, the us dollar has risen 0.3%, turn the late July accumulated fell 1.6% when the situation. Against the dollar since 2005 since the exchange change, which has more than 31%.

It is worth noting that both at home and abroad, from the forward and NDF perspective, the market prospects of the yuan is quite cautious. One-year dollar/yuan no principal delivery forward price display, the market is expected to next year the yuan will be worth 1.8%.

October 9,, the international monetary fund (micro Po) released the world economic outlook report, the report forecasts the RMB exchange rate will be in 2013-2017 appear devaluation.

HuangShaoQing warning, if through the currency devaluation to promote overseas market demand, will strengthen the capital outflow situation has been formed, consequence is unimaginable. Once the devaluation of RMB, will inevitably lead to domestic liquidity tightening trend, so as to give to the entity economy.

People in the markets is generally believed that the central bank has no intention to promote RMB appreciation or depreciation of sharply, the RMB exchange rate will be relatively stable, and will maintain two-way fluctuation.