RMB exchange rate stays stable as market waits for positive factors to break out of consolidation range
Although the Bank of Japan interest rate hike, the Federal Reserve interest rate cut is expected to be delayed and other major events continue to disturb the global financial markets, the RMB exchange rate has remained stable, in the low volatility of the stage of consolidation. since February, the RMB exchange rate against the dollar has always maintained the range of 7.17 to 7.20 shock, the maximum fluctuations of no more than 200 points during the month. Insiders said the market is waiting for positive factors to converge and push the yuan out of the consolidation range. The pull factors still depend on more positive signals from the dollar index, macroeconomic recovery and cross-border capital flows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
As the US strives to mediate, Russia and Ukraine launch attacks against each other
Data: A certain whale purchased 2,024 ETH and currently holds 7,066 ETH.
A certain whale has accumulated 7,066 ETH on HyperLiquid, with holdings exceeding $21.22 million.
Barcelona Football Club criticized for signing a $22 million sponsorship deal with crypto company ZKP