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Reuters According to the China Foreign Exchange Trading Center (CFETS) announced the formation of RMB exchange rate mechanism, the yuan against the US dollar on Thursday is expected to open in the vicinity of 6.8854 yuan, compared with the previous day depreciation of about 219 points.

On the RMB against the dollar immediately received 6.8910 yuan, while the central price was 6.8635 yuan. According to the pricing mechanism, today's mid-price changes, there are 275 points down to respond to the impact of market supply and demand, the other 56 points up the reaction is overnight the basic exchange rate of a basket to keep the same points.

The CFD Index, which refers to the SDR (SDR) basket index and the BIS (BIS) basket index, is expected to run for approximately 92.32, 93.37 and 93.12; Reuters are based on CFETS's median price The three indices were 92.64, 93.98 and 93.50, respectively.

Reuters on the date of the RMB against the US dollar was 6.8749 yuan, and the foreign exchange trading center announced the actual value of the deviation of 114 points.

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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