On June 22nd, 20 18, the central parity rate of RMB against the US dollar was reported at 6.4706, down 120 basis points from the previous trading day. On the previous trading day, the central parity of RMB against the US dollar was reported at 6.4586. Against the background of the strong US dollar index, the RMB exchange rate has been under pressure recently and its fluctuation has increased. It is difficult for the US dollar index to continue to rise, and the foundation for the strong stabilization of the RMB still exists.

Under the influence of the overnight rise in the US dollar index, the central parity of RMB against the US dollar was lowered by 120 basis points to 6.4706 yesterday, hitting a new low since 20 18 and 12. Yesterday, the spot exchange rate of RMB against the US dollar fell below the 6.50 mark in intraday trading, with the lowest depreciation to 6.5074. Offshore RMB also showed a weak performance, falling below the 6.5 1 mark in intraday trading, almost erasing all the gains since this year.

Based on the daily closing price, the exchange rate of RMB against the US dollar dropped by 749 basis points, about 1.2%, compared with the last trading day before the Dragon Boat Festival yesterday. In the same period, the US dollar index rebounded to above 95, an increase of 0.4%.

Extended data

At present, China's cross-border capital flow situation remains basically stable. In May, the balance of foreign exchange reserves declined, and the cross-border capital flow of major channels grew steadily. The overall balance is mainly affected by the decline of non-US dollar currencies against the US dollar and the overall increase in asset prices. The domestic foreign exchange market continued to operate smoothly.

On June 9, 20 18, Yi Gang, governor of the central bank, also said in an interview with the media that China's current economic fundamentals are good, the resilience of economic growth is enhanced, the total supply and demand are more balanced, and the growth momentum is accelerated. Since 20 17, RMB has been one of the few currencies to appreciate against the US dollar. Based on such economic fundamentals, China's capital market has the conditions for healthy development.

People's Daily Online-The RMB exchange rate against the US dollar fell below 6.50.