Low short-term fluctuations in the RMB exchange rate is normal during another

Experts point out that the market some people will interpret it as relevant and Chinese economic downturn , which led to panic in the market behavior is wrong

      27, the central parity of RMB against the U.S. dollar continued to fall , hitting a new low for the year. In this regard, to accept the " Securities Daily " reporters, experts generally said that short-term fluctuations in the RMB exchange rate is normal , the future will show a two-way fluctuations in the RMB basically stable trend. At the same time a stable exchange rate volatility but also for its further expansion to create the conditions .

      The latest data from the China Foreign Exchange Trading Center show that on February 27 the central parity of RMB against the U.S. dollar reported 6.1224 the previous day continued to fall 32 basis points.

      Bank of China [ 0.00% funding research report] Zong Liang , deputy director of Institute of International Finance , told reporters yesterday that the change in foreign exchange is determined by supply and demand, the recent short-term fluctuations in the yuan is a normal adjustment , the market will interpret it as some people with Chinese economic downturn relevant , which led to panic in the market behavior is wrong.

      Zong noted that , in fact , the United States formally decided to gradually withdraw QE, resulting in a variety of currencies against the dollar , if the yuan continues to appreciate against the U.S. dollar , which means the appreciation of the Renminbi against other currencies , which country is the most unfavorable.

      Minsheng Securities macroeconomic researcher Zhuzhen Xin told reporters that the appreciation of the RMB in the future will show the overall trend , in the short term , the RMB appreciation will significantly slow down this year , and showed a two-way fluctuations in the trend.

      SAFE recently released " 2013 China cross-border capital flows monitoring report" that China has strong economic and financial resilience of quantitative easing (QE) the ability to withdraw from the impact , confidence to deal with the Fed's QE exit the possible impact . In the near term , the Fed started QE exit mechanism has little effect on China 's cross-border capital flows , the risk is still controllable , but the long-term challenges can not be ignored .

      In this regard , the Industrial Bank [ -0.76 % funding research report] Lu political commissar , chief economist , told reporters yesterday that the position of foreign exchange bureau is very objective . Lu political commissar of the view that the future of our country should accelerate the pace of reform of the formation mechanism of the RMB , so that when a strong dollar rebound occurs when , within the body has the ability and awareness to take measures for bilateral hedging , and this is an important prerequisite for greater exchange rate volatility.

      Chinese Academy of Social Sciences Institute of World Economics , director of international investment Zhang believes that the possibility of expanding this year, regulators greater volatility , especially in the second half of this year the RMB exchange rate will show a two-way fluctuations in the overall trend , or volatility of the RMB to expand a good choice time.