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Reuters According to the China Foreign Exchange Trading Center (CFETS) announced the formation of the RMB exchange rate mechanism, the yuan against the US dollar on Wednesday is expected to open in the vicinity of 6.8749 yuan, up about 41 points from the previous day.

On the RMB against the dollar immediately received 6.8897 yuan, while the central price was 6.8790 yuan. According to the pricing mechanism, today's mid-price changes, there are 107 points down to respond to the impact of market supply and demand, the other 148 points up the reaction is the overnight basket of basic exchange rate remains the same number of points.

(CFR) basket index and reference BIS (Bank for International Settlements) basket index is expected to run to 92.56, 93.82 and 93.39; on the Reuters Reuters under the CFETS announced the median price of the CFD (CFD) basket index and reference BIS (BIS) basket index is expected to run to 92.56,93.82 and 93.39; The three indices were 92.80, 94.20 and 93.71 respectively.

Reuters on the date of the RMB against the US dollar at 6.8869 yuan, and the foreign exchange trading center announced the actual value of 79 points deviation.

According to Reuters February 20, three sources reported that the renminbi against the US dollar pricing mechanism since the date of fine-tuning, shortening the "basket of currencies," the exchange rate calculation period, so that the central parity by the impact of other currencies, Theoretically belongs to the technical adjustment.

Sun Wei, deputy general manager of CITIC Bank Financial Markets, said earlier that "a basket of currency exchange rate changes" is divided into the basic part and the artificial adjustment part; artificial adjustment part, the quotation business association with its own factors, the basic part of a certain artificial adjustment. At the same time foreign exchange trading center also need to quotes quotes for weight processing, and ultimately the formation of the day against the US dollar against the dollar.

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