Welcome to rank Came to reason.
Recently, the renminbi has finally risen sharply. After a few months of retreat, the renminbi broke through 7, reaching 7.1 and 7.2. At that time, many people were worried about whether the renminbi could fall by a large margin, even 7.5 or 8. As a result, the situation was unexpected. Today the RMB has reached around 6.8.
From 7.2 to 6.8, the renminbi has appreciated by nearly 5%in just a few months. If a friend was worried about the renminbi a while ago, they exchanged a lot of dollars , That may really be a small loss. Many people may ask, Why is the RMB rising rapidly in a short period of time? And will the yuan continue to rise in the future?
This reason must be diverse, but We can probably summarize a few points. First of all, the first is that the dollar is too much to be released. In response to this epidemic, the United States has really lost its money. In the past, we have also told you that President Trump pays special attention to the US stock market. For him, a rise in the stock market indicates that his economy is doing well, and a fall in the stock market indicates that his economy is not doing well.
Moreover, a large number of rich people in the United States must point to the rise in the stock market in order to rise in value. Therefore, the United States has released a lot of water in the past few months, and a large amount of money has entered the US stock market. How much money has the US released? Several trillion US dollars, and this is just the beginning, The Fed said that in the future, there will be unlimited quantitative easing, and you will print as many as you need.
You want to, on one hand In the past few months, the U.S. economy has not grown but declined. A large number of companies have closed down, factories have shut down, and the people have lost their jobs. On the other hand, you have printed more money out of thin air, tens of trillions of dollars more. Everyone understands that inflation is certain, and the depreciation of the dollar is certain, so as long as the US policy of unlimited quantitative easing continues, he will continue to print a large number of dollar bills every month, so it can be foreseen that the dollar will continue to depreciate in the future. .
On the other hand, the basics of China’s economy The face is very good. Although we are the first country in the world to be hit by a disaster, it is undeniable that we are also the best country to deal with the epidemic. In the first quarter, our GDP showed an unprecedented negative growth, but we immediately caught it up in the second quarter. Even many economic experts predict that in 2020, there is probably only one country in the world that will have a positive economic growth. , That is our China.
So far, we can proudly say, We have almost brought the epidemic under control. People in most parts of the country have returned to normal life in the past, and our overall economy is improving. Although the epidemic has brought a nearly devastating blow to many industries, the resilience of the Chinese economy is very strong.
So of course, also because With the positive growth of China’s economy, many international funds are further optimistic about China. A lot of funds are increasing their holdings of renminbi assets. Today, in many countries, interest rates are zero or even negative. The Federal Reserve has also reduced the US interest rate to the lowest level all at once. Only my country’s interest rate is relatively high. Although it has fallen a lot over the past few years, we still have an advantage compared to other countries in the world. There are still a lot of funds willing to pursue RMB assets.
The combination of these multiple factors makes the RMB go A beautiful rising curve. Of course, some friends may also say that the appreciation of the renminbi is also a blow to the export industry. Yes, everything has advantages and disadvantages. But in the long run, the appreciation of the renminbi and the acceleration of the internationalization of the renminbi must be Conducive to most people.