The RMB exchange rate continues to appreciate!
Judging from the recent trend of the RMB exchange rate, since May, our exchange rate has depreciated continuously, with the lowest depreciation to 7.3115, falling below the 7.30 mark, and the largest depreciation during the period was 1460;
During the period, the reason for the depreciation of the RMB exchange rate was also relatively simple, mainly suppressed by the strength of the peripheral dollar!
Previously, the Federal Reserve released the "hawk" again, and the first interest rate cut will be postponed to next year, which means that there is a high probability that the United States will not cut interest rates this year!
Since the beginning of June, the U.S. dollar index has strengthened significantly, and our exchange rate has fallen under pressure again, once falling below the 7.30 mark!
Just when the RMB exchange rate fell below 7.30, in the past three trading days, the RMB exchange rate has continued to appreciate rapidly, what happened?
Could it be that there are any mysterious funds sold, let's continue to talk!
In fact, the rapid appreciation of the RMB exchange rate in the past three days is mainly due to the influence of the central mother!
I don't know if you have learned about Yang Ma's "shorting" of treasury bonds before,
On July 1, the central mother decided to carry out treasury bond borrowing operations for some primary dealers in the open market in the near future, "carrying out treasury bond borrowing operations", in fact, to put it bluntly, it is shorting treasury bonds;
So, why is Yang Ma "shorting" treasury bonds? In fact, it is to support the exchange rate!
Before the bond market has continued to strengthen, two more than two income of the treasury bonds have been rushed madly, as we all know, when the price of treasury bonds rises, it means to lower the interest rate of treasury bonds!
The continuous decline in the interest rate of treasury bonds will lead to the depreciation of RMB assets to a certain extent, especially the exchange rate, so the central mother's "shorting" of treasury bonds is to support the RMB exchange rate, especially the important mark of 7.30!
Judging from the trend of the RMB exchange rate in the past three days, the effect of the central mother's "shot" is very obvious, and the RMB exchange rate appreciates rapidly, once again holding the important mark of 7.30!
In the short term, in the context of the Fed's delay in cutting interest rates, the exchange rate is likely to continue to be passively under pressure, but at present, the Fed's interest rate hike has come to an end.
Back to the stock market, judging from the trend of the A-share market last week, the three major A-share indexes came out of a V-shaped rebound on Friday, which means that the short-term market is likely to usher in the bottom!
After all, the market has been falling for so long, and there has not been a significant rebound in it.
Therefore, after the market has a long lower shadow K-line, it is very likely to take a wave of over-falling rebound in the short term!
But the strength of the rebound personally believes that it still depends on the trading volume, and the current market trading volume has fallen below 600 billion for three consecutive days!
If the follow-up rebound volume does not continue to rise and remains around 600 billion, I personally think that the strength of this rebound will not be too great!
When the market rose to around 3,000 points, the trading volume was not enlarged, so it did not stand firm at 3,000 points and fell again, and once again hit a new low.
Next, the short-term target of the market will still be 3,000 points, depending on whether the volume is large, if not, then the next is to maintain a cautious wait-and-see attitude