*** Exchange rate continues to hit a new high

The Morning News reporter Guo Wenzhao reported yesterday that the latest data from the China Foreign Exchange Trading Center showed that the central parity of the yuan against the US dollar was reported at 6.5883, one euro against 8.8603 yuan, breaking the new high of 6.5885 hit just before yesterday and setting a new high since the exchange reform. .

On Wednesday, the U.S. announced that new housing starts were far worse than expected and weighed on the dollar. The good performance of the Portuguese government bond auction supported the sharp rise of the euro. In this context, the central parity of the renminbi against the US dollar continued its upward momentum and hit a new high for the third consecutive trading day.

After the optimism inspired by the current US data, the rise in the euro zone’s inflation rate has become one of the leading gimmicks in the exchange rate of the euro/dollar, which may cause the dollar to fall again. Current market sentiment that the European Central Bank may raise interest rates before the Fed, which helped boost the current round of the euro's rebound. The renminbi has risen again against the dollar.