Home » The central parity rate of the RMB against the US dollar was 6.7120, down 197 basis points

The central parity rate of the RMB against the US dollar was 6.7120, down 197 basis points

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According to data from the China Foreign Exchange Trading Center on June 20, the central parity rate of the RMB against the U.S. dollar was reported at 6.7120, a depreciation of 197 basis points. The central parity of the previous trading day was at 6.6923, the closing price of the onshore RMB at 16:30 was at 6.7010, and at 23:30 at night, it was at 6.7173.

On June 20, the People’s Bank of China authorized the National Interbank Funding Center to announce that the loan market quoted interest rate (LPR) on June 20, 2022 is: 1-year LPR is 3.70% (3.70% last time), 5-year term The above LPR is 4.45% (4.45% last time).

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 U.S. dollar index rose sharply on June 17. The U.S. dollar index, which measures the U.S. dollar against six major currencies, rose 1.03% on June 17, local time, to close at 104.6960 in late trading.

Li Liuyang, a researcher at the CICC Research Institute, said that although the Fed’s interest rate hike expectations and tightening financial conditions will support the dollar in the near future, considering that other non-US central banks have also begun to tighten aggressively, US debt and European, British, Canadian and Australian government bonds There is relatively limited room for interest rate spreads to widen, which may limit the height of the dollar’s further upside.

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