Impact of the fall in the RMB exchange rate and the rise in the US dollar index
On March 22, the RMB exchange rate appeared downward, breaking through the consolidation range previously maintained for nearly two months. Guo Yiming, director of investment adviser of Jufeng Investment Guarantee, said that this week is a 'super central bank week', the global central bank's monetary policy changes or bring some impact to the market. After the Swiss central bank unexpectedly cut interest rates, the Federal Reserve hinted at three rate cuts within the year, the dollar index hit the largest one-day increase in more than a month, which may bring the impact of the yuan exchange rate. Fan Ruoying, a researcher at the Bank of China Research Institute, said that the main reason for the decline in the yuan exchange rate is the high dollar index. Since this year, the dollar index as a whole to maintain a high operating trend, the pound and other non-US currencies have depreciated against the dollar, the overall performance of the RMB exchange rate is stable.
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