Foreign Exchange Sky Eye APP News: At noon in the Asian market on Tuesday, as geopolitical and trade risks further reduced, the yuan hit a six-month high, and the safe-haven Japanese yen hit a seven-month low.
The RMB once rose above the 6.87 mark, and the United States canceled the designation of China as a "currency manipulator"
According to country” identification.
As of 13:49 Beijing time, the onshore RMB exchange rate against the U.S. dollar rose 0.20% to 6.8783, and once rose to 6.8669 during the session, a new high since July 25 last year; the offshore RMB exchange rate against the U.S. dollar rose 0.04% to 6.8791, It once rose to 6.8662 during the session, a new high since July 11 last year.
The central parity rate of RMB against the U.S. dollar of the People's Bank of China was reported at 6.8954 today, an increase of 309 basis points from the previous trading day.
China 12html March trade data exceeded expectations and also boosted the yuan
Oversea-Chinese Banking economist Tommy Xie also pointed out that "the yuan has performed well since last week, reflecting improved risk sentiment, helped by signs that the economy It has hit bottom."
According to Chinese national statistics, in US dollar terms, China's exports in December grew at an annual rate of 7.6%, more than twice the market expectation of 3.2%; imports increased at an annual rate of 16.3%, far exceeding market expectations of 9.6%. %.
The U.S. dollar rose above the 110 mark against the safe-haven currency yen 7html for the first time in 3 months.
As investor confidence improved after the announcement of the above news, the safe-haven currency yen fell. As of writing, USD/JPY rose 0.15% to 110.09, the first time it has risen above the 110 mark since May 23 last year.
Sony Financial Holdings (Sony Financial Holdings) foreign exchange analyst Kumiko Ishikawa told Bloomberg, "As risk sentiment and technical momentum improved, the dollar rose to 110 yen."
In addition, analysts believe that the Middle East The cooling of the situation also weighed on the yen.
Looking forward to the market outlook, Kumiko Ishikawa pointed out, "Whether the U.S. dollar will rise further against the yen depends on new stimulus factors such as U.S. economic data, as well as the increase in U.S. Treasury yields."
Within the day, the United States will release CPI data.
In other currencies, as of writing, the U.S. dollar index futures , which measures the U.S. dollar against six trade-weighted major currencies, rose 0.05% to 97.105.
Australian dollar/US dollar fell 0.07% to 0.6899; New Zealand dollar/US dollar fell 0.08% to 0.6624.
