CNH rose above 7.24 as a signal from the People’s Bank of China to relax stability maintenance – Cable Broadband i-CABLE

The market expects the RMB to continue to rebound this week. In addition to taking into account the central parity signal, it is also affected by the increase in foreign exchange settlement by exporters near the end of the month, which will further promote the demand for RMB.

The People's Bank of China's stabilization signal has had a positive impact on the trend of the RMB. The performance of CNH rising above 7.24 also shows the market's optimism towards the RMB.

As trade tensions ease, demand for the RMB gradually increases, which will also have a positive supporting effect on the RMB exchange rate.

In addition to the influence of external factors, the stable development of the domestic economy is also one of the important factors in the trend of the RMB. The RMB is expected to continue to maintain a steady upward trend in the future.

Generally speaking, the People's Bank of China's stabilization signal has had a positive impact on the trend of the RMB, and the market's optimism about the RMB will continue to increase.