Yuan spot exchange rate and high in 19 years

Yesterday at the spot exchange rate of RMB to dollars again go high, pan highest see 6.2578 level, rise broken 6.26 mark, not only in 2005 by highest since change, also set a record high in 19 years recently. Experts said that the recent appreciation of the RMB is mainly due to the United States after the launch QE3 caused by the dollar, the RMB appreciation has a certain space, but the possibility of broken 6.2 is not big, the recent exchange people can pay attention to Australian dollars investment opportunities.

According to the central bank regulation, by the central bank in every day of the RMB against the us dollar middle rate after, interbank market on the spot exchange rate of the yuan can be in the middle price basis floating up and down no more than 1%. Since September 28, on, the spot exchange rate of the RMB against the us dollar has three trading day (September 28,, October 10, on October 11,) in the pan or closing hit a record high since remittance change. Because of the day before yesterday at the spot exchange rate RMB touch harden, days of stay in the middle price rise dramatically since yesterday, the central bank of the RMB against the us dollar exchange rate published by the medium price quote for 6.3264, is a trading day of 127 basis points. However the spot exchange rate of the RMB against the us dollar plate highest reached 6.2578, plate still touch the middle rate 1% of fluctuation limit, harden again. And 2005 years before by the change of the RMB against the us dollar exchange rate, compared to 8.2765 seven years RMB cumulative increase of more than 32%, 19 years highs.

For the continuous rising, the industrial bank nanjing branch CaiPeiYe foreign exchange analysts have argued that the main reason for the federal reserve or the launch of the QE3 policy against the us dollar hit is bigger, to cause the dollar to the currencies of the other, the yuan so passive going strong.

CaiPeiYe said, from the current trend look, the RMB against the us dollar still have certain appreciation of the space, but the scale is not too big, because the Chinese economy recession, he estimates of the RMB against the us dollar exchange rate can most to 6.2, it is suggested that investors recent $attention commodities such as currency, the dollar impact, Australian dollars should have certain opportunity to perform.

Yangzi evening news reporter ChenChunLin