This week, our renminbi finally raised its eyebrows. The offshore yuan exchange rate, three trading days, from 719, up to 709, up 1000 points, and officially broke through 71 pass.
Actually, this trend is not unexpected. Since December, the renminbi has begun to move sideways, bidding farewell to the previous trend, and many people are worried about the re-depreciation of the renminbi. And I think it's a pre-sprint finish, the purpose is to build up energy, and then blow it out and break the bears.
There are two main reasons for this round. The first is that the Federal Reserve is very **, has announced that interest rates have peaked, and interest rates should be cut next year, and the market believes that the U.S. economy has softened. This weakened the dollar index, and all non-US currencies rose sharply.
Second, our economic data has significantly exceeded expectations. The added value of industrial enterprises above designated size increased by more than 6% year-on-year, hitting a new high in 21 months, and the growth rate of total retail sales of social consumption exceeded 10%.
It can be said that our economic data is not a small good, but a good situation. The current data and **, as well as everyone's psychology has formed a complete divergence, such good economic data, what can you worry about, are you worried that the data is fake?
However, I think we should continue to release positive news and let the yuan continue to hit and break through 70, don't give the bears a chance to breathe. Unfortunately, the yuan retraced a lot of gains during the session and is now back to 713 nearby.
This time, at least 72 The support is effective, not only the depreciation trend of the yuan has ended, but the trend of appreciation has now been officially confirmed. We are on the RMB to break through 7The perception of 0 remains the same.