Shanghai Securities Daily 14 News Summary Of Major Financial Media
RMB Break through the 6.6 pass against the US dollar.
After a significant rise in three consecutive trading days, the central parity of RMB against the US dollar broke through the 6.6 important barrier in 13 days, and again hit a new high since the reform.
However, the spot market gradually returned to calm after midday.
According to data from the foreign exchange trading center, the central parity of RMB against the US dollar was 6.5997 on the 13 day, and the renminbi rose by 131 basis points compared with the previous trading day.
The intermediate price broke through the 6.6 pass, which made the market very excited. The yuan opened high in the spot market in the morning. The trading volume was active, reaching a maximum of 6.5931. But after the afternoon, as the US dollar went up, the yuan began to fall, and finally closed at 6.6046, down slightly compared with the previous trading day.
rising
Economies
Raise the interest rate to guard against capital flow.
Aggressive inflation has leveraged rising interest rates in emerging economies.
After Peru and Thailand, the Central Bank of Korea also announced an increase in interest rates on 13 days.
Market analysis shows that good economic growth and hot money inflow bring price pressure to emerging market economies. This is the main reason for raising interest rate measures, but at the same time, it will also bring risks to the emerging market.
On the 13 day, the ROK announced that it would raise the seven day repo rate by 25 basis points to 2.75%, and suggested that interest rates would be raised again in March or April.
Meanwhile, the South Korean government has announced a number of measures to curb inflation.
Last week, the Central Bank of Peru announced that the benchmark interest rate would be raised to 3.25%. On the 12 day, the Thailand central bank also announced a 25 basis point increase to 2.25%, and clearly stated that the purpose of raising interest rates was to curb inflation.
Some overseas economists believe that it is too late to raise interest rates to suppress inflation, but the central bank should give timely hints and measures that are deeply afraid of prices.
Inflation is one of the major problems that plague the world, especially in emerging markets.
Prices in India, Russia, Brazil, Turkey, Indonesia and other large emerging market countries continue to maintain high growth. The current inflation rate is hovering at a high level ranging from 5% to 10%.
Analysts have speculated that these emerging market countries will have some moves in monetary policy.
RMB appreciation is expected to spawn
Stock market paction
Sexual opportunity
In recent years, the RMB has again entered the channel of appreciation to the US dollar. In January 13th, the central parity of RMB against the US dollar exceeded 6.6, and the exchange rate changed to a new high.
In response, the industry said in an interview with reporters that in the medium and long term, the appreciation of RMB will play a positive role in restraining import inflation pressure, promoting RMB internationalization and improving trade disputes, but the market impact of A shares is still uncertain. In the short term, RMB appreciation may bring some trading opportunities to the market, but the possibility of trend opportunities is less.
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