1. If the Federal Reserve raises interest rates, the deposits in the bank will increase, and the amount used for market consumption will decrease, which will indirectly lead to a decrease in China's export trade.

2. After the Fed raises interest rates, the dollar will appreciate, so the currencies of other countries in the money market, including RMB, will depreciate in the short term, which will directly lead to the intensification of capital outflow in China;

3. If the dollar appreciates, the price of commodities denominated in dollars will fall. For example, the decline in foreign oil prices will indirectly have a negative effect on the adjustment of China oil prices and have to be lowered;

4. In the long run, if the Fed raises interest rates for a period of time and then cuts interest rates, then the RMB will rise against the US dollar, foreign currencies such as RMB will rise, and a large amount of capital will flow into China.

For ordinary people, the Fed's interest rate hike has no direct impact, and because of the value and importance of the RMB in the foreign exchange market, the RMB will not be greatly affected by depreciation, and the country will adjust its macroeconomic policies accordingly, so don't worry.

Tips: The above contents are for reference only.

Reply time: 202 1-07-20. Please refer to the latest business changes announced by Ping An Bank in official website.

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