News and Information

  What measures will the foreign exchange administration take to stabilize foreign trade? On April 21, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, said at the press conference of the State Council Information Office that the foreign exchange administration will further promote reform and opening up in the field of foreign exchange, and promote foreign trade growth with high-quality facilitation policies. The main measures include promoting the expansion and quality of high-quality enterprise trade foreign exchange revenue and expenditure facilitation policies, promoting high-level opening up of cross-border trade investment and financing, continuing to improve the level of enterprise exchange rate risk management, and continuously expanding cross-border trade.

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on April 26, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.9237 yuan for 1 US dollar, 7.5999 yuan for 1 euro, 5.1803 yuan for 100 yen, 0.88206 yuan for 1 Hong Kong dollar, 8.5941 yuan for 1 pound, 4.5920 yuan for 1 Australian dollar, and 4.5920 yuan for 1 New Zealand dollar.

  USDX Resistance Position: 101.50/60 Support Position: 101.00/10, 100.80 Expected to be 100.90/101 in the day. 10- 101.50/60 Weakness in the area to go down in the day Recommendation: 101.10 Below Buy on the dip Steady: Aggressive: 100.80/101 10-101.60 High sell low buy 101.00/10 buy (below 101.00 consider 100...

  On April 25, Beijing time, the Asian market morning, the US dollar index continued its overnight decline, once hit a new low since April 14 to 101.20. The dollar fell to a low of more than a week against major currencies in generally light trading on Monday, as investors are still digesting the Federal Reserve's expectations of interest rate cuts this year. Although the market generally expects the Federal Reserve to raise interest rates at next week's policy meeting, the European Central Bank's 50 interest rate hikes are expected to rise, helping the euro rise to a high of more than a week, while the dollar fell by a record...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on April 25, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.8847 yuan for 1 US dollar, 7.6109 yuan for 1 euro, 5.1357 yuan for 100 yen, 0.87715 yuan for 1 Hong Kong dollar, 8.6039 yuan for 1 pound, 4.6133 yuan for 1 Australian dollar, and 4.6133 yuan for 1 New Zealand dollar.

  USDX resistance position: 102.00/20 support position: 101.50/60 is expected within the day 101.50/70 - 102.00/10 area within the main oscillation is expected this week 101.50/60 - 102.10/30 area within repeated oscillation within the main day suggestion: 101.50/70 - 102.10/20 both ends of high throw low suction steady: aggressive: 101.50/70 -10...

  On April 24, Beijing time, the Asian market morning, the U.S. dollar index rose slightly, and is currently trading near 101.72. The U.S. dollar was little changed against major currencies on Friday, as business activity data showed that the world's largest economy remains resilient, supporting expectations that the Federal Reserve will raise interest rates by another 25 basis points at its policy meeting next month. Data on Friday showed that the S & P Global U.S. Composite Purchasing Managers Index (PMI), which tracks manufacturing and services, rose to 53 at the beginning of the month....

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on April 24, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.8835 yuan for 1 US dollar, 7.5648 yuan for 1 euro, 5.1382 yuan for 100 yen, 0.87719 yuan for 1 Hong Kong dollar, 8.5674 yuan for 1 pound, 4.6071 yuan for 1 Australian dollar, and 4.6071 yuan for 1 New Zealand dollar.

  The Federal Reserve is about to enter a period of silence ahead of its policy meeting in May, and several Fed officials have pointed to raising interest rates in May this week to combat high inflation. This prospect has boosted the dollar, putting it on track to avoid a five-week losing streak and sending gold prices down for two weeks. But a series of recent weak data on employment and consumption in the United States have strengthened expectations of a US recession, indicating that this round of tightening cycle is coming to an end, and it may even start to cut interest rates. Gold prices have limited downside space in the future market.

  On April 21, the State Council Information Office held a press conference to introduce China's foreign exchange revenue and expenditure in the first quarter of 2023. The relevant person in charge of the State Administration of Foreign Exchange said that in the face of the complex external environment, China's foreign exchange market has started smoothly, the RMB exchange rate has appreciated slightly, and cross-border capital flows have become more balanced. In the future, under the dual support of macroeconomic fundamentals and the inherent resilience of the foreign exchange market, the foreign exchange market is more conditioned and more fundamental to maintain stability. Corporate foreign exchange financing is basically...

  On April 21, Beijing time, the Asian market morning, the dollar index rose slightly, and is currently trading around 101.81. The dollar fell on Thursday, as weak data reinforced expectations that the world's largest economy may be headed for recession, further supporting the view that the Federal Reserve may pause in June after it is expected to raise interest rates again next month. After data showed an increase in initial jobless claims last week, a sharp drop in manufacturing activity along the mid-Atlantic coast, and a decrease in existing home sales, the dollar traded against the yen and...

  USDX resistance position: 102.10/30 support position: 101.50/70 is expected within the day 101.50/70 - 102.10/30 within the zone oscillation is the main point of view on the 14th: is expected to rely on the support of 100.80 in the second two weeks of this month, oscillation rebound 102.30/103. 30 area within the day: 101.60/70 - 102.10/30 both ends of high throw low suction steady: 10...

  The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on April 21, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 6.8752 yuan for 1 US dollar, 7.5400 yuan for 1 euro, 5.1271 yuan for 100 yen, 0.87609 yuan for 1 Hong Kong dollar, 8.5512 yuan for 1 pound, 4.6355 yuan for 1 Australian dollar, and 4.6355 yuan for 1 New Zealand dollar.

  The New Zealand dollar fell slightly against the dollar, falling 0.7% at one point, hitting a new low of 0.6155 since March 16. Therefore, the previously released data showed that New Zealand's CPI in the first quarter was significantly lower than expected, reducing the pressure on the Reserve Bank of New Zealand to raise interest rates. The dollar index rose slightly by 0.21% on Wednesday. Although it was still suppressed by the resistance near the 21-day moving average of 102.12, the possibility of breaking the resistance in the afternoon market volatility has increased, as Federal Reserve officials continue to convey to the market...

  Gold's latest operating advice: Wednesday (April 19) entered the European session. As the market focus returned to the Federal Reserve and the outlook for inflation, risk sentiment weakened. The dollar continued to rebound and break through the 102 mark, while gold continued to decline and approached $1970. Spot gold fell nearly 1.8%, hitting a new low of $1969.14/ounce since April 3. Affected by the rise in U.S. bond yields and the dollar, some investors bet that the Federal Reserve may start cutting interest rates when...