The central parity of the RMB against the US dollar appreciated sharply on May 27, but the exchange rate of the RMB against the US dollar declined both in the offshore and onshore markets.
reflects the offshore RMB to US dollar exchange rate expected by international investors to fall below the three barriers of 7.15, 7.16 and 7.17 successively on May 27. The closing price of the previous day fell by more than 300 basis points, the lowest since September last year.
The exchange rate of RMB against the US dollar is also lower in the onshore market.
The exchange rate of RMB against the US dollar is also lower in the onshore market.
The spot exchange rate of the RMB against the US dollar immediately fell after opening at 7.1330 on May 27. To 7.1595.
According to data from the China Foreign Exchange Trading Center, the central parity of RMB against the US dollar was reported at 7.1092 on May 27, an increase of 201 points, the largest increase since April 9, 2020.
According to data from the China Foreign Exchange Trading Center, the central parity of RMB against the US dollar was reported at 7.1092 on May 27, an increase of 201 points, the largest increase since April 9, 2020.
The chief analyst of CITIC Securities ’fixed income clearly stated in the latest report that from the perspective of pressure on the depreciation of the RMB exchange rate, the risk aversion sentiment in the current market is still leading An important source of pressure on the depreciation of the RMB exchange rate, the RMB exchange rate remained high under the effect of risk aversion.