According to data from the China Foreign Exchange Trading Center on June 13, the central parity rate of the RMB against the U.S. dollar was reported at 6.7182, a depreciation of 188 basis points. The central parity of the previous trading day was at 6.6994, the closing price of the onshore RMB at 16:30 was at 6.6927, and at 23:30 at night, it was at 6.7081.
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 dollar index rose sharply on the 12th. As of late New York trading, the dollar index, which measures the greenback against six major currencies, rose 0.97% to 104.8510.
The Fed will hold its June meeting on interest rates. Analysts are widely expected to continue raising interest rates by 50 basis points this month amid a “severe fever” in U.S. inflation.
According to data released by the U.S. Department of Labor on June 10, the U.S. consumer price index (CPI) rose 1% month-on-month in May and 8.6% year-on-year, the largest year-on-year increase since December 1981. Excluding the volatile food and energy prices, the core CPI rose 0.6% month-on-month and 6% year-on-year, both higher than market consensus.
The chief economist of CITIC Securities clearly stated that U.S. inflation data rose more than expected.