Home Business The central parity of the yuan against the dollar was at 6.6851, up 269 basis points

The central parity of the yuan against the dollar was at 6.6851, up 269 basis points

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Data from the China Foreign Exchange Trading Center on June 21 showed that the central parity rate of the RMB against the U.S. dollar was 6.6851, up 269 basis points. The central parity of the previous trading day was at 6.7120, the closing price of the onshore RMB was at 6.6860 at 16:30, and at 6.6919 in the evening trading at 23:30.

The dollar index fell on the 20th. The dollar index, which measures the greenback against six major currencies, fell 0.10% on the day to close at 104.5870 in late trading.

The central bank launched a 7-day reverse repurchase operation of 10 billion yuan in the open market, and the winning interest rate was 2.10%.

Wind data shows that the 10 billion yuan reverse repurchase expired today.

The data released yesterday showed that the LPR for the one-year period in June was 3.7%, and the LPR for the period of more than 5 years was 4.45%.

The chief economist of CITIC Securities clearly believes that there is still room for a downward adjustment in the LPR in the later stage. At present, the regulatory authorities continue to guide and reduce the cost of bank liabilities. As the cost of bank liabilities falls, it is expected to drive down LPR. Since the beginning of the year, my country’s actual loan interest rates have declined, and it is expected that the LPR will be further reduced in the second half of the year, especially in more than five years.

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