Financials Jan 20, 2022 06:59 AM (GMT+8) · EqualOcean
The "interest rate cut" was implemented as scheduled, and the RMB did not fall under pressure as expected. In the view of insiders, the reason why the RMB exchange rate has strengthened recently is closely related to the strong demand for foreign exchange settlement at the end of the year and the beginning of the year. Looking to the future, under the influence of factors such as the possible marginal decline of export growth, there is a certain need for valuation correction of RMB exchange rate. "Determined by the market, enhanced elasticity and two-way fluctuation" will be the key words of its trend.