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Monday, October 02, 2017
Chinese Central Bank might take action to prevent further falling of RMB
ANBOUND

On 29 September, both onshore and offshore RMB has fallen, and on the morning that day it even fell below the 6.68 mark, and fell more than 200 points within the day. Anbound research team believes that the RMB exchange rate rose sharply previously, and has experienced continuous decline; this shows that there are already signs of danger. If the RMB continues to fall, it is estimated that the Chinese Central Bank will consider taking action by implementing reverse intervention to stabilize the RMB exchange rate's trend.

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