Offshore RMB once fell below 6.80 mark refresh intraday record lows

The offshore renminbi fell below 6.80 mark intraday refresh record low [Abstract] the offshore renminbi (CNH) against the dollar fell 0.02% to 6.7980 yuan, a record closing record low, 05:32 Beijing time, the offshore renminbi fell below 6.80 mark, refresh intraday record low to 6.8003 yuan. Today, in the onshore Yuan middle price fall of three, down 92 points, to 6.7817. US election results will be announced. The idea that if Hilary is elected, the dollar will rebound sharply stronger, the RMB will continue to decline; and if Trump is elected, the position on the issue of trade may lead to trade friction, and then to bring great pressure to depreciate. In response to this view, the people’s Daily overseas edition published an article yesterday pointed out that the U.S. election results on the impact of the RMB trend should not be exaggerated. People’s Daily quoted experts pointed out that, on the one hand, no matter who is elected, U.S. economic policy will be committed to maintaining their own interests; on the other hand, steady pace Chinese economic restructuring, upgrading and opening up, RMB provides long-term strong fundamental support. Therefore, the impact of the results of the election itself on the trend of the RMB should not be exaggerated. In addition, the people’s daily also pointed out that the official accession to the SDR currency basket will bring more international demand for the yuan. Global Interbank Financial Communications Association (SWIFT) latest report shows that the use of RMB trade settlement countries continue to increase, as of now has reached 101 countries. Among them, in September this year, the total value of the RMB to pay the total amount of RMB increased by more than 10%, much higher than the average growth rate of all currencies of 0.93%. A recent survey shows that the Standard Chartered Bank, although short-term investors are cautiously optimistic about the RMB investment prospects, but many investors in the market and the long-term China still have confidence, more than half of the respondents believe that the RMB is expected to recover. At the same time, 72% yuan product investors believe that the portfolio should include the RMB and the Chinese market products to diversify risk.相关的主题文章: