The Renminbi Rises Against The US Dollar In The Afternoon, And The Offshore Spreads Continue To Narrow.

The US dollar / RMB inquiry system was reported at 6.1381 noon and 6.1406 on Thursday.

The central parity of US dollar / RMB central bank was 6.1455, and Thursday's middle price was 6.1490.

In the overseas non deliverable forward foreign exchange (NDF) market, the US dollar / Renminbi one year variety is newly reported at 6.2340/90, ending on Thursday at 6.2380.

The latest offshore dollar / RMB spot report in Hongkong was 6.1410/30, and the last trading day was 6.1454.

Traders said offshore market rate further.

In close to less than 50 points, the narrowing of the offshore price differentials has eased the pressure on arbitrage trading.

It is believed that "the domestic exchange rate has stabilized and recovered since the beginning of the week, and the price of offshore market has been significantly inhibited. The exchange rate of Chinese capital banks has also been interpreted as the intention of the offshore market to stabilize the exchange rate, so that the mentality of shorting the renminbi can be reversed."

On Thursday (September 18th) 20:00, the international board of Shanghai Gold Exchange (SGE) was formally launched on the launching ceremony of the Shanghai Gold Exchange (SGE) in the past 1 years.

Yang Xiong, mayor of Shanghai, attended the launching ceremony.

After the gold international board is launched, international investors can participate in all SGE gold contracts through free trade accounts, and will also include other precious metals pactions in the future.

Rhodes, chairman of the Shanghai gold exchange, said: "our voice and influence in the international market are very small. Therefore, through the establishment of the international board, through the opening of the gold market, attracting international investors and attracting offshore funds to participate in the paction, this marks the opening of our gold market.

RMB denominated pricing will also help to enhance the international influence of RMB and boost the internationalization of RMB.

In the international exchange market, the pound's Asian Pacific market rose sharply, due to the preliminary results of the independent referendum in Scotland, the market expected that Scotland would continue to stay in the UK. On the other hand, Asian stock market had followed the US stock market higher, but then some gains were followed.