News and Information

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on May 10, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market will be 6.9299 yuan for 1 US dollar, 7.6004 yuan for 1 euro, 5.1241 yuan for 100 yen, 0.88410 yuan for 1 Hong Kong dollar, 8.7501 yuan for 1 pound, 4.6882 yuan for 1 Australian dollar, and 4.6882 yuan for 1 New Zealand yuan for 1 yuan.

  Fundamentals continued to diverge in currency markets on Monday. The US dollar stabilized above last week's lows and rebounded slightly, while the euro and sterling fell slightly. However, commodity currencies continued their gains last week, and the Australian dollar further extended its gains, testing resistance at the 100-day moving average. The New Zealand dollar also continued to rise, approaching the April high. The Canadian dollar suffered pressure near the previous resistance but still closed higher. Gold rebounded slightly after stabilizing in 2000 last week, but was blocked at the 2030 line. Due to the coronation of Charles III of the United Kingdom, the British market...

  USDX resistance position: 101.50, 101.60/80 (strong resistance within the day), 102.30 (strong resistance this week) support position: 101.20/25, 101.00/05 (strong support within the day), 100.60/80 (strong support this week) is expected to oscillate within the 101.00/20-101.50/80 area within the day, biased to slightly higher finishing is expected this week's range of 100.60/...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on May 9, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9255 yuan for 1 US dollar, 7.6135 yuan for 1 euro, 5.1260 yuan for 100 yen, 0.88234 yuan for 1 Hong Kong dollar, 8.7328 yuan for 1 pound, 4.6955 yuan for 1 Australian dollar, and 4.6955 yuan for 1 New Zealand dollar.

  Most Asian currencies rallied on Friday, taking advantage of continued weakness in the U.S. dollar as markets bet that the Federal Reserve's rate hike cycle could pause and the focus turned to key labor data later in the day. The interest-rate-sensitive won was the best-performing currency on the day, gaining 0.5 percent on a sharp rally that extended the previous session. The won was also set to close the week up nearly 1.6 percent amid less pressure on the U.S. dollar and Treasury yields. The yen benefited from increased safe-haven demand,...

  On May 7, the State Administration of Foreign Exchange (hereinafter referred to as "SAFE") announced the data on the scale of foreign exchange reserves at the end of April 2023. The data shows that as of the end of April 2023, the scale of our country's foreign exchange reserves was 3.2048 trillion US dollars, an increase of 20.90 billion US dollars from the end of March, an increase of 0.66%. SAFE said that in April, affected by factors such as global macroeconomic data and monetary policy expectations of major economies, the US dollar index fell, and global financial asset prices generally...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on May 8, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9158 yuan for 1 US dollar, 7.6217 yuan for 1 euro, 5.1163 yuan for 100 yen, 0.88118 yuan for 1 Hong Kong dollar, 8.7345 yuan for 1 pound, 4.6694 yuan for 1 Australian dollar, and 4.6694 yuan for 1 New Zealand dollar.

  In the Asian session on Saturday (May 6), the latest price of the US dollar index was 101.28, and the opening price was 101.44. After a series of central bank decisions this week, the foreign exchange market will start to focus on the debt ceiling issue. The foreign exchange market remains focused on risks, especially bank stress and debt ceiling. Analysts such as Arindam Sandilya and Patrick Locke said: "We have noticed in the past that Washington is not working properly...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on May 5, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9114 yuan for 1 US dollar, 7.6189 yuan for 1 euro, 5.1491 yuan for 100 yen, 0.88059 yuan for 1 Hong Kong dollar, 8.6967 yuan for 1 pound, 4.6316 yuan for 1 Australian dollar, and 4.6316 yuan for 1 New Zealand dollar.

  On May 3 local time, the Federal Reserve announced a 25 basis point interest rate hike after the interest rate meeting, which was in line with market expectations. However, then Federal Reserve Chairperson Powell said at a press conference that he had not yet made a clear decision on whether to stop raising interest rates. The three major US stock indexes turned from rising to falling, the international oil price and the US dollar index fell significantly, and the gold and silver futures prices both closed up. Market participants said that the Federal Reserve is still facing a dilemma. On the one hand, the US economy is under pressure due to interest rate hikes, and the banking crisis is still ongoing...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on May 4, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9054 yuan for 1 US dollar, 7.6458 yuan for 1 euro, 5.1335 yuan for 100 yen, 0.87977 yuan for 1 Hong Kong dollar, 8.6810 yuan for 1 pound, 4.5888 yuan for 1 Australian dollar, and 4.5888 yuan for 1 New Zealand dollar.

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on April 28, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9240 yuan for 1 US dollar, 7.6361 yuan for 1 euro, 5.1723 yuan for 100 yen, 0.88206 yuan for 1 Hong Kong dollar, 8.6504 yuan for 1 pound, 4.5894 yuan for 1 Australian dollar, and 4.5894 yuan for 1 New Zealand dollar.

  Gold technical analysis yesterday gold rose again down, still did not get rid of 1970 to 2015 regional shocks, of course, the current fundamental changes than yesterday's high-level direct dialogue with Ukraine, obviously this is expected to reach a peace talks precursor, to know Saudi Arabia and Iran feud are brokered to establish diplomatic relations, then Russia and Ukraine obviously have agreed to our triumph, at least now the market risk aversion is not, so yesterday 2000 is 2 billion big single appeared.

  The dollar index fluctuated in a narrow range in Asian morning trading on April 27, Beijing time, and is currently trading around 101.45. The dollar retreated on Wednesday on new signs of a slowdown in the U.S. economy after data showed that core durable goods orders fell more than expected in March, while the economic outlook in Europe may unexpectedly rise, strengthening the euro. The Swedish krona fell sharply after the Swedish central bank's tone was less hawkish than expected, while the euro rebounded 0.6% from Tuesday's decline, when it was trading against the U.S.

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on April 27, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9207 yuan for 1 US dollar, 7.6435 yuan for 1 euro, 5.1859 yuan for 100 yen, 0.88166 yuan for 1 Hong Kong dollar, 8.6308 yuan for 1 pound, 4.5731 yuan for 1 Australian dollar, and 4.5731 yuan for 1 New Zealand dollar.