Friday, September 29, 2017
RMB exchange rate should move towards mature fluctuations
ANBOUND
After more than three months of sharp gains, the RMB exchange rate has been down for a few consecutive trading days. Since the afternoon of September 28, offshore RMB and onshore RMB continued to fall, both have fell below the two benchmarks of 6.66 and 6.67 respectively. Anbound research team believes that the RMB exchange rate's roller coaster rise and fall is an "immature volatility, and should move towards "mature fluctuations" under the joint effort of the market and the Chinese Central Bank with the core value of stability and predictability.