RMB Exchange Rate Has Been Developing For Six Consecutive Days.

2011/4/12 9:50:00 20

Appreciation Of The Central Parity Of RMB Exchange Rate

So-called

RMB

The middle price of the US dollar can be simply understood as the official exchange rate of RMB against the US dollar.

On the previous day, the central parity rate of RMB against the US dollar was 6.5420.

Based on the analysis of analysts, the international dollar weakness is the main reason for the recent appreciation of the renminbi. However, the first quarter of the trade figures released by the General Administration of Customs showed that the first trade deficit in China in the first quarter of this year was 1 billion 20 million US dollars in the first quarter of this year, which led many market participants to end the rising trend of the central parity price of the RMB yesterday.

Goldman Sachs has issued a research report yesterday, saying that a clear trend in China's net exports in recent years is that the trade deficit or surplus level is relatively low at the beginning of the year. Therefore, short-term data may have "seasonal factors" and it is difficult to judge whether the renminbi will appreciate or not.

What is worth mentioning is that

Overseas Chinese bank

Chief analyst Xie Dongming said yesterday that Chinese Premier Wen Jiabao mentioned in the comments last weekend that China would adopt a series of tools to control inflation, which would include a currency exchange instrument. "In the market view, this may be the first time Wen Jiabao has considered in public terms the use of exchange rate to curb inflation."

Statistics show that as of April 11th, the yuan has accumulated against the US dollar this year.

appreciation

1.26%.