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Weekly Review and Outlook on the Macro Market during Jan 2- Jan 8
Jan 12, 2017  14:41:15
Abstraction: On January 9th, the middle rate of RMB against USD was 6.9262, down by 594 basis points, recording a biggest decline since June, 2016. RMB had a sharp rise last week, and then slumped down this week, which shows that the fluctuation margin of RMB increases. The Central Bank tries to stabilize the exchange rate, reverse the unilateral devaluation expectation and guard against financial risks and capital flight by controlling the middle rate of RMB against USD.
1) Fluctuation margin of RMB increases On January 9th, the middle rate of RMB against USD was 6.9262, down by 594 basis points, recording a biggest decline since June, 2016. RMB had a sharp rise last week, and then slumped down this week, which shows that the fluctuation margin of RMB increases....

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