Recently, RMB (7.2525, 0.0083, 0.11%) continued to depreciate the US dollar exchange rate that caused widespread market attention.On June 28, the exchange rate of the US dollar to the US dollar fell below 7.25, and the offshore RMB once fell to 7.2692, all hitting a new low since November 2022.On June 29th, the RMB on the shore fell below the 7.25 mark again, and at the same time, the offshore RMB lost the 7.27 mark.
Looking back at 2022, the RMB exchange rate to the US dollar has experienced two waves of great depreciation. Once quickly adjusted from 6.37 last April last year to 6.81 in mid -May, and the other was 6.75 after MLF rate cuts on August 15 last year, 6.75 after MLF raised interest rates from 6.75 last year from 6.75Continue adjustment until November reached a low of 7.32.Compared with the depreciation of the two waves last year, what are the differences in the depreciation of the RMB in this round?
In addition, in the face of the decline in the exchange rate of the RMB, the market has speculated that the central bank may re -introduce the "counter -cyclical factor" to stabilize the exchange rate.Interviewed experts pointed out that in order to prevent the "herd effect" in the foreign exchange market, the possibility of regulating the regulatory layer to re -introduce the "counter -cyclical factor" and even use other foreign exchange market regulation tools.This is not to keep a specific point, but to control the speed of depreciation and avoid market sentiment from falling on one side.
[Renminbi to the US dollar exchange rate is 7.25]
Since May, the exchange rate of the RMB to the US dollar has continued to decline. After breaking through the 7.00 and 7.10 mark in succession, it has quickly fallen below the 7.20 and 7.25 mark in recent days.
On June 26, the RMB pairing in the offshore market in the US dollar decreased, and it fell below 7.20 when the opening.The next day, the exchange rate of the shore and offshore renminbi rebounded. The 7.22 and 7.21 mark was recovered in the market, and finally closed at 7.2101 on the shore, and the offshore reported 7.2239.
However, this rebound has not continued.On June 28, both fell sharply in the shore and offshore market, fell below 7.25 in the exchange rate of the RMB against the US dollar, and the offshore RMB once approached 7.27, all reached a new low since November 2022.EssenceOn the day of the RMB to the US dollar exchange rate, 7.2455, and 7.2431 offshore.
On June 29, the RMB on the shore fell below the 7.25 mark again, and at the same time, the offshore RMB also lost the 7.26 mark again.
