Currency: The US Treasury Will Publish A Report On Currency Manipulation Today.

The US Treasury will be announced today.

According to the latest data from China foreign exchange trading center, the central parity of the RMB against the US dollar was 6.6582 yesterday, which is 111 basis points higher than the previous trading day.

On the previous day, the central parity rate of RMB against the US dollar was 6.6693.

As the market expects the Federal Reserve to restart quantitative easing soon, the dollar remains low consolidation.

The US Treasury will publish a semi annual exchange rate report today.

Us exchange rate report will be announced

If the United States regards China as a currency manipulator, the United States is likely to initiate trade sanctions against China in accordance with relevant regulations.

However, some market participants expect that the United States will postpone the release of the report again.

From the domestic perspective,

Foreign exchange bureau: the pressure of capital inflow is still large.

The head of the State Administration of Foreign Exchange yesterday pointed out that China's capital inflow is still facing great pressure in the near future.

The person in charge pointed out that comprehensive measures should be taken to prevent and control the risk of "hot money".

Since the beginning of this year, the foreign exchange bureau has launched a special action to deal with and crack down on "hot money", aiming at infiltrating funds into the territory through trade liberalization, trade in services, direct investment and personal openness.

In the long run, we should constantly improve the RMB exchange rate formation mechanism and further play the fundamental role of the market mechanism so as not to provide "hot money" with room for continuous arbitrage speculation.

At the same time, we should focus on the key channels and key links in the current supervision, strengthen coordination with supervision, and crack down on all kinds of illegal foreign exchange trading activities, effectively prevent and curb the "hot money" inflow.

Us denies "currency war" risks

The meeting of finance ministers and central bank governors of the G20 summit in Seoul will be held in South Korea in from October 22nd to 23rd. The conference will cover the world economy, IMF reform and so on.

In addition, participants may discuss exchange rate issues.

"Currency war" has become a global hotspot recently.

But US Treasury Secretary Geithner said yesterday that despite the intervention of many countries in the money market, there is no risk of a global currency war.