USD/RMB Thursday (31st) by midday turn-around lower under the influence of China's Central Bank today reduced the middle price. Traders said an Asian Bank in Shanghai, China's State administration of foreign exchange on Wednesday evening post a notice, further limiting size of dollar short positions held by banks and improving settlement support documents for import and export of information disclosure requirements, from this influence, markets traded cautiously.
$ 6.5534 are reported within/Wednesday late 6.5559. The trader said current trading is quiet, the customer is currently judge on the impact of cross-border financial flows, strengthen management.
the trader added that, under the influence of China's State administration of the new requirements is expected in some quarters, RMB offshore market transactions will heat up.
the people's Bank of China today, the USD/RMB middle price set at 6.5564, creates the 2005 reform to a new low, set in 6.5586 on Wednesday.
on the offshore market, 1-year US dollar/renminbi non-deliverable forward fell to the 6.4250/6.4290, late on Wednesday reported 6.4390/6.4420.
