Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
RMB exchange rate stays stable as market waits for positive factors to break out of consolidation range

RMB exchange rate stays stable as market waits for positive factors to break out of consolidation range

2024/03/21 19:58


Although the Bank of Japan interest rate hike, the Federal Reserve interest rate cut is expected to be delayed and other major events continue to disturb the global financial markets, the RMB exchange rate has remained stable, in the low volatility of the stage of consolidation. since February, the RMB exchange rate against the dollar has always maintained the range of 7.17 to 7.20 shock, the maximum fluctuations of no more than 200 points during the month. Insiders said the market is waiting for positive factors to converge and push the yuan out of the consolidation range. The pull factors still depend on more positive signals from the dollar index, macroeconomic recovery and cross-border capital flows.

1
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Iran’s seven-day reopening plan for the Hormuz Strait was rejected by Trump; Brent crude oil rises above $106

Iran insists on a seven-day proposal to reopen the Strait of Hormuz, but this plan has been rejected by U.S. President Trump, which may further delay the reopening of this crucial waterway.

智通财经•2026/09/27 23:26