The renminbi continues to depreciate!
Since May 3, the RMB exchange rate has depreciated continuously, from the position of 7.1655 to 7.2346!
In the long term, since the beginning of this year, the RMB exchange rate has depreciated by 1.54%, from 7.0949 to a maximum of 7.2830
What are the factors that have caused the renminbi to depreciate continuously this week?
Personally, I think there are several main influencing factors, first of all, the rebound of the dollar index this week, which is mainly affected by the "hawkishness" of the Federal Reserve!
During the period, the U.S. dollar index rebounded from a low of 104.5220 to a high of 105.74, so it had a certain impact on the RMB exchange rate!
On the whole, the current RMB exchange rate is still fluctuating within the normal fluctuation range, there is no big problem, and the trend is at least stronger than other Asia-Pacific market currencies!
Next, the RMB exchange rate is still expected to come out of a new round of rebound, why do you say that?
Judging from the current disclosed data, the number of weekly jobless claims in the United States has risen sharply, which means that the labor market in the United States has begun to weaken.
At present, the market expects the Federal Reserve to cut interest rates for the first time from September to November, once the Federal Reserve begins to cut interest rates, then the external factors that suppress the RMB exchange rate dissipate, and the mainland economy has shown signs of improvement, when the RMB exchange rate will come out of a new round of rebound!
Important after-hours news:
1. IPO officially restarted, this should be a hot topic in the market recently, and then IPO will begin to normalize, I believe many friends are more concerned about how to review the IPO in the future, how to avoid "passing through with illness" and so on, what do you think about this?
2. Lao Mei has a small move, on the news, Lao Mei wants to impose tariffs on our electric vehicles, not only electric vehicles, but also batteries and solar panels;
3. On the news side, the latest disclosure data shows that in the first four months of this year, the cumulative increase in the scale of social financing was 12.73 trillion yuan, a year-on-year decrease of 3.04 trillion yuan, in addition, the increase in the scale of social financing in April was -0.2 trillion yuan;
index movements;
Judging from Friday's market trend, the market fell below the 5-day line to bottom out and rebound, closing out a small black line with a long lower shadow.
But let's consider it from another angle, if the market index is really strong, then it will not fall below the 5-day line during the day and get out of such an obvious downward trend!
It should be really strong like Hong Kong stocks, open high and fluctuate stronger, so Friday's small black line means that the strength of the rise is seriously insufficient, in addition, the index has rebounded before, we need to be cautious!
Although the short-term index still has the possibility of an upward attack, it is also necessary to beware of the adjustment of the high and falling, once the market index adjusts, it is very likely to get out of the top parting trend of the daily level!