The Renminbi Will Continue To Fluctuate On Wednesday Or There Will Be Significant Fluctuations.

< p > > a href= "//www.sjfzxm.com/news/index_cj.asp" > RMB to us dollar < /a > continued to drop on Wednesday (March 12th), and the median price fell for third consecutive days, continuing to exceed three months low.

Intra day volatility is relatively stable, market mindset is prudent, beware of possible volatility.

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< p > at the close, the US dollar / RMB inquiry system closed at 6.1455, an increase of 59 points compared with the previous trading day.

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< p > all day trading is relatively light, just following the middle price fell slightly, the market expects the foreign exchange market will stabilize in the near future.

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According to the data released by Hongkong P, the US dollar / Renminbi (Hongkong) spot exchange rate fixed price in March 12th is 6.1453/58.

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< p > traders said that compared with the ups and downs in the past few days, the pactions in recent days were relatively quiet, and the supply and demand also tended to be balanced.

The short-term uncertainty of the market is increasing, and the future direction is not clear. The market is mostly open to customers, and there are not many active operations.

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< p > "nothing is happening today. It is felt that the central bank has not bought it. We see that fixing continues to rise and spontaneously bought some (US dollars), then the price will not move."

A stock trader said.

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< p > traders also said that the recent large purchases of foreign exchange suspected of intervention by the central bank were significantly reduced, while the fluctuation of the intermediate price increased, and the focus of intervention was changed. The market would follow the middle price direction every day.

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"P > China's US dollar against the yuan has fallen off the curve since the beginning of this week. Since the renminbi has depreciated sharply since last month, the appreciation of the renminbi is expected to be divided, and the long-term purchase of foreign exchange is increasing.

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< p > a Shanghai stock company, "a href=" //www.sjfzxm.com/news/index_cj.asp "> foreign exchange < /a >, the trading director pointed out that the spot market will be stable for some time in a short period of time. The trend of two-way fluctuation will still exist in the future, but after it is finished, it will still be stabilized at a level. At present, the RMB exchange rate may be near 6.14 in the near future.

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< p > China's central bank held a press conference on Tuesday, but the foreign exchange market did not get direction.

Zhou Xiaochuan, governor of the central bank, said the market's opinion about the trend of the RMB exchange rate against the US dollar in February was actually divided, but the central bank did not stand on the side.

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< p > China's export data in February turned out to be a strong performance against January, a sharp drop of nearly 20% compared with the same period last year, while the growth rate of imports remained basically stable.

Analysts believe that the foreign trade data for the RMB exchange rate is expected to have a further differentiation role, the RMB exchange rate will continue to moderate appreciation throughout the year, but the volatility will gradually expand.

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< p > > a href= "//www.sjfzxm.com/news/index_cj.asp" > offshore market < /a >, the 1 year US dollar / RMB non deliverable forwards yuan 6.2040/80 yuan.

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In the global market, the yen stayed strong in Asia on Wednesday, and investors stayed away from risky currencies such as the Australian dollar because of worries about China's economic situation and tensions between Russia and Ukraine.

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0.79159, an increase of 5 points compared with the previous trading day; the 100 yen / RMB inquiry system closed at 5.9708, an increase of 248 points compared with the previous trading day; the euro / Renminbi inquiry system was reduced by 8.5101 points, a reduction of 17 points compared with the previous trading day; the pound / Renminbi inquiry system was reduced to 10.2006 points, a decrease of 159 points compared with the previous trading day; the Australian dollar / Renminbi inquiry system closed at 5.5033 points, a reduction of 490 points compared with the previous trading day; the Canadian dollar / Renminbi inquiry system was reduced to an increase of 0% compared with the previous trading day; the RMB / ringgit inquiry system was closed at the end of the previous trading day; the RMB / ruble inquiry system was closed at the end of the previous trading day. < p > HK / RMB inquiry system is closed.

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