The RMB against the dollar is expected to hold steady

On November 17, RMB onshore and offshore at the spot exchange rate against the dollar weakness, and deviate from the middle price movements. Market participants pointed out that although the dollar index was higher, but the yuan is not significantly decline, mainly due to market expectations of RMB exchange rate will continue to stabilization, and the yuan is expected to be included in the SDR basket to prop up the currency, in the next period of time, the RMB exchange rate will continue to fluctuate within a certain range narrow the pattern.

Among 17 market within the territory of the yuan against the us dollar price is set at 6.3740 yuan, compared with the previous trading day up 10 basis points, the end of the previous 10 consecutive trading day down. Onshore market, the yuan against the dollar at the spot exchange rate leave high to go lower, at 50 continued turmoil since the second world war, up to close at 6.3786 yuan, fell by 62 basis points, or 0.1%. Offshore renminbi spot exchange rate against the dollar yesterday after appearing to surge, but a poor performance in the afternoon, by the domestic market closing (ticket), offshore RMB against the U.S. dollar fell 18 basis points at 6.4018 yuan, two price about 232 points.