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The stability of RMB exchange rate is enhanced



Time:8/13/2022 12:22:49 PM

[The stability of the RMB exchange rate is enhanced] According to the news on August 13, Choice data shows that since July, the U.S. dollar index has appreciated by 0.41% cumulatively, with an amplitude of 4.46%; Dollar. Backed by sound economic fundamentals and a stable balance of payments, the RMB is expected to remain basically stable at a reasonable and balanced level. (Shanghai Stock Exchange)

Other news:

Xinhua News Agency article: Don't use RMB assets as gambling "chips": Recently, the central parity rate of RMB against the US dollar has risen above the 6.4 mark, hitting a new high in the past three years. For a while, the market began to discuss whether the RMB exchange rate has entered an upward channel. Although the People's Bank of China has sent a clear signal to the market that "don't bet on the appreciation or depreciation of the RMB exchange rate, long-term bets will lose", the speculative impulse to be long on the RMB is still looming. Analysts believe that the current round of RMB exchange rate rise against the US dollar has both passive and active-zce factors. Investors should not only pay attention to the market, but also plan long-term and make wise choices. Renminbi assets are not a "chip" for gamblers, but a "gift" for those who are patient and wise. (Xinhua News Agency) [2021/6/2 23:04:07]

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