Foreign exchange outflow pressure increases the enterprise dare settlement into the territory quickchm

Foreign exchange outflow pressure companies not to rush into the territory of foreign exchange settlement funds face tight outflow pressure increasing trend is hard to change this reporter Chen Zhi Intern He Jingjing Shanghai reported domestic liquidity tightening, still can reduce the pressure of RMB devaluation. As at 19 on October 27th, the domestic market, the U.S. dollar against the RMB spot rate hovering at $6.7803, the Hongkong offshore market, the U.S. dollar against the RMB exchange rate fluctuations near the end of the week, hit a record low of 6.7929 in intraday trading. "It’s quite unusual." A state-owned bank foreign exchange traders pointed out that in the past when the domestic capital liquidity is tight, always bring some support to stabilize the rmb. The number of investment institutions ignore the market practice, still doing selling renminbi arbitrage. In his opinion, the deep-seated reasons behind, is that these institutions have passed the central bank recently to restart the 14 day and the 28 day repurchase period of 3 months, stop MLF means continuously push the funds rate of mild uplift, the main purpose is to force some financial institutions to leverage higher leverage, rather than the RMB exchange rate based on the consideration of. However, the market began to worry that foreign exchange continued to decline, the domestic financial market liquidity may face more severe stress. Funds face tensions in the aforementioned state-owned bank foreign exchange traders seem, after the central bank has repeatedly adopted a moderate tightening of domestic capital mobility, to achieve the purpose of maintaining the stability of the RMB exchange rate. The reason for the domestic capital liquidity tightening, the term repo rate rose to a certain magnitude, all types of domestic capital have to invest to get higher returns, reduce the pressure of capital outflows, constitute a strong support for the renminbi to stabilize rebound. "At first, we think that the central bank is modeled on." He said that due to tight liquidity, 27 in early trading on the Shanghai stock exchange overnight reverse repurchase bonds (GC001) rose to 18%, the 2 day reverse repurchase bonds (GC002) reached 8.805%; the Shenzhen Stock Exchange overnight reverse repurchase bonds (R-001) rose to 15.778%, the 2 day Treasury reverse repurchase rate (R-002) reached 7.5%. The investment income sufficient to attract a lot of domestic capital to stay in the territory to obtain higher returns. He quickly found that the central bank is not based on the consideration of the RMB exchange rate. The reason is that the central bank recently has been increasing the money supply, ease market liquidity; on the other hand, the domestic capital tight liquidity may not be able to effectively alleviate the dollar rate hike is expected to heat up under the pressure of RMB devaluation. Reporters learned that the move will still play a certain market effect, 27 in the early days of the decline in the dollar against the renminbi is less than the offshore market. However, the domestic market, the RMB exchange rate decline slowed, and did not constitute an offshore market to support the RMB exchange rate. 27 early in the morning, under the pressure of international capital speculation in the offshore renminbi, intraday hit record lows of 6.7929. "Now that foreign speculative capital, the dollar rate hike is expected to heat up years has become the most short of RMB相关的主题文章: