On the Repeated Trend of RMB under the Current Epidemic Situation
DOI:
https://doi.org/10.54691/fhss.v2i12.3174Keywords:
RMB Trend; USD Index; RMB Outlook.Abstract
In 2021, the global epidemic situation will still be dominated by the foreign exchange market trend, and the overseas epidemic situation will continue to spread, forcing the RMB to remain strong. At present, the fluctuation of the RMB exchange rate has fallen back, and it is still strong compared with the US dollar and major US dollar currencies. In the future of 2023, the comparative advantage of China's economy will be very narrow, and China's major balance of payments surplus is expected to gradually decline. As the supply and demand of the foreign exchange market become more balanced, the RMB exchange rate is expected to become more differentiated and the exchange rate fluctuation is expected to increase.
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