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how the interaction between these three markets , see : RMB how the
as first Friday's close,mercurial, the RMB exchange reform since 2006 has been full speed ,louboutin, USDCNY fluctuations of the cumulative days 0 ,mercurial vapor, so in the past five years,doudoune moncler, all of CNY appreciation are accumulated during the day from the fluctuations , namely the intervention of the People's Bank .
CNY recent trend is very similar to post-crisis period in 2008 ,abercrombie, the market sell-off in day trading the yuan ,abercrombie and fitch, the central bank to defend by day fluctuations in CNY. Only this time the market sell-off of CNY intensity is much greater.
1. closed domestic market (CNY) 2. non-deliverable forward foreign exchange market (NDF) 3. Hong Kong forward foreign exchange market (CNH )
three core market of RMB :
for the domestic market USDCNY,burberry pas cher, its exchange rate fluctuations mainly consists of two parts :
1 day volatility (interday): the previous day's closing price the day the central bank and the difference between the development of the central parity ,louboutin, the difference between the central parity of the decision determined by the central bank ,longchamp, reflecting the central bank's target 2 day volatility ( intraday): day trading day closing price and the mid-point between the central bank to develop the volatility , the difference between market supply and demand by the day ,louboutin pas cher, reflecting the market 's view .
, Professor Michael Pettis of Peking University 's China Economics Seminar leader said :
相关的主题文章： in the process of Internet development in China, Ma, Li, Chao, Ding, Kai-fu Lee brought together five scenes of man should be rare. In 2011 China Internet Conference opening ceremony, this scene would take place. In the Ideological confrontation with Taiwan, Li Kai-fu Lee have to ask for? Ma Chao will ask something what? This time the unprecedented collision of ideas is really exciting!
