China Foreign Exchange Trading Center recently released first CFETS RMB exchange rate index, caused widespread market speculation, some analysts believe this represents the RMB against the US dollar will open depreciate space. In this regard, Chinese People's Bank pointed out that this reflects the past focused on the bilateral exchange rate of RMB against the US dollar and the criteria habits and behavior accordingly formed ingrained way. From the longterm fundamentals, the RMB exchange rate conditions remain basically stable at a reasonable and balanced level.
Study RMB exchange rate for the future, can not put dollar for only benchmark The central bank under the China Foreign Exchange Trading Center (CFETS) released CFETS RMB exchange rate index. The index references include foreign exchange trading center listed 13 kinds of currencies on foreign exchange transactions of RMB currency basket, calculated using the factors considered entrepot tradeweighted method. According to the index, as of the end of November, compared with 2.93% appreciation of the RMB by the end of 2014. The central bank then forwards Commentator article that market perspective on the bilateral exchange rate of the RMB exchange rate against the US dollar from the look turned to a basket of currencies.
No comments:
Post a Comment