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Qingdao International Nonferrous Metals Trading Center, phone QQ: recruiting members, agents, account opening, investment, high commission Qingdao International Platform Information RMB against the US dollar spot rose with the central parity shrinking, but the magnitude was significantly less than the central parity, the central parity rose to a new two-week high. Traders said that the uncertainty surrounding the U.S. election has intensified the fluctuations of the U.S. dollar index, and the wait-and-see sentiment has slightly increased. However, the sentiment of buying foreign exchange at low prices still has the upper hand, and major banks still need to provide appropriate U.S. dollar liquidity.
They also pointed out that there were no surprises in the overnight Federal Reserve interest rate meeting, and the probability of a monthly interest rate hike is expected to increase. However, the short-term market focus is still on the U.S. election. It is not ruled out that the U.S. dollar index still has some room for adjustment, but it will still have to affect domestic expectations. It will take time. As the market price has deviated from the mid-point, the RMB may be difficult to fall below within a day.
Although the US dollar index continues to adjust, everyone's current thinking is to buy as low as possible. It is estimated that it will be about the same today, and it is already above the central parity rate (USD against RMB). A trader at a Chinese bank said.
Although the US dollar index continues to adjust, everyone's current thinking is to buy as low as possible. It is estimated that it will be about the same today, and it is already above the central parity rate (USD against RMB). A trader at a Chinese bank said.
In global currency markets, the U.S. dollar consolidated losses on Thursday as worries about the U.S. presidential election intensified, overshadowing the Federal Reserve's latest policy review. Federal Reserve policymakers are still signaling they are likely to raise interest rates next month.
The Federal Reserve kept interest rates unchanged on Wednesday but signaled that it may raise interest rates next month as economic momentum strengthens and inflation rises. This is the Fed's last monetary policy decision before the U.S. presidential election. According to Chicago Mercantile Exchange Group (r)dh, traders are betting on a % chance of the Federal Reserve raising interest rates this month.
In the overseas non-deliverable forward foreign exchange (D) market, the one-year dollar/renminbi variety was last quoted at .yuan, which was .yuan at the end of the previous day. Hong Kong's offshore RMB against the U.S. dollar was last quoted at .yuan spot, compared with .yuan at the end of the previous trading day.
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