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Characteristics, causes and trends of RMB exchange rate fluctuation in the near future

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This year, the RMB against the U.S. dollar exchange rate has changed the trend of depreciation, opened a steady rise in prices.

As of August 24th, the yuan appreciated by 4.47% against the dollar at the beginning of the year. Macroeconomic stability to the good, the U.S. dollar index weakened, cross-border capital flows increasingly strict management and the introduction of counter cyclical factors and other factors to jointly promote the current round of RMB appreciation against the U.S. dollar. In the medium and long term, the two-way fluctuation characteristics of the RMB against the U.S. dollar will be more obvious, and the possibility of unilateral sharp appreciation or devaluation is declining.

The future, maintain the basic stability of the RMB exchange rate, still need the most fundamental macroeconomic stability and development, and to improve the management of cross-border capital flows, adhere to the general direction of the market exchange rate, improve the exchange rate management, safeguarding the stability of the financial market.

The RMB exchange rate against the U.S. dollar directly affects export enterprises. The aluminum factory is seriously affected. 

 

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