is affected by the sharp drop in RMB exchange rate , A shares are under pressure today open low , open low , open low , open low , 3034.70 points, the decline once exceeded 2%. The backward adjustment fluctuated all day, closing at 3078.55 points, down 0.75%.
USD to RMB exchange rate
You can look at the exchange rate of the USD to RMB today. Today's opening of 1 USD to RMB 7.23225, depreciating by 0.54% from the closing of 7.19325 last Friday, and depreciating by 0.93% from the closing of 7.16555 at the closing of the cyclical stock market. So today the stock market opened significantly lower!
USD to RMB exchange rate daily K-line
As of now, the USD to RMB exchange rate is at the lowest of 7.20440 today, and has been above 7.2. Looking at the exchange rate in the comprehensive daily chart, the RMB is likely to enter the depreciation channel again, which is negative for the next A-share market !
Some people say that the RMB fell because central bank decided to lower the reserve requirement ratio of financial institutions on December 5 0.25 percentage points. The impact of the central bank's reserve requirement ratio, but it is obvious that it is not, because Teacher Meng looked at today's global exchange rate market. Except for the yen, the US dollar has appreciated compared with other currencies. The domestic reserve requirement ratio cut will only affect the domestic. Therefore, the depreciation of the RMB today is not the domestic reason that is the main factor, but the depreciation of the RMB caused by the appreciation of the US dollar itself. What causes the US dollar to rise sharply?
From this point of view, Teacher Meng judged that it is still the impact of the US rate hike in early December 2 on the exchange rate. The next time the Federal Reserve raises interest rates is in the early morning of December 5, which is very close. The closer it is to the rate hike, the greater the impact it will be when it receives news from the Federal Reserve!
The US rate hike is certain. Everyone is trying to slow down the pace of interest rate hikes in the United States and the base point of total interest rate hikes should not be too high! The pressure on other currency markets is very obvious in this case!
combined with the previous daily chart of the US dollar against the RMB, Teacher Meng feels that the period from to hibernation of interest rates in may be the depreciation trend of RMB. Then this week, the A-share market may not be very good (it may enter a volatile downward channel in the short term)!
So Teacher Meng recommends that everyone pay attention to risks and do less in positions. Of course, if is low enough, you can also consider building a bottom position. personal opinion, not as a basis for investment. Thank you for your likes and attention, so that you will receive updates as soon as possible next time.
#Telebrity Creation Challenge# #RMB# #A shares#
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