Weekly

September 30th

Today's amplitude range

Yesterday, some media reported that the People's Bank of China asked a number of state-owned banks to prepare to sell dollars and buy RMB to defend foreign exchange rates. But the People's Bank of China is expected to export.

Most of them are unavoidable, which is different from the fact that the Bank of England or the Bank of Japan really intervened in the market exchange rate. Countries intervene in the exchange rate into a new normal,

The dollar fluctuates relatively, while the price of gold ripples in it, and finally it is almost flat. The gold market may have to oscillate back and forth to get out of the new direction. Today's suggested volatility is 1646 US dollars.

To $1,668.

According to media reports, the People's Bank of China has asked many state-owned banks to be prepared to sell dollars and buy RMB in the offshore market to curb the recent decline of RMB.

So far this year, the RMB has fallen by more than 10%, and the People's Bank of China has to resort to exporting techniques to intervene in the exchange rate. However, how can the original source of reform avoid the outflow of foreign capital, but investors

Or businessmen are obviously wary of the Chinese market in recent years. One of the evidences is that Hong Kong stocks still recorded a fall in the afternoon when the European and American stock markets did well the next day. Hong Kong stocks opened higher

39, but the market took advantage of the high selling price, and the Hang Seng Index once fell 204 points, reaching a low of 17,046, hitting another 11-year low. At last, the Hang Seng Index closed at 17,165, down 85 points or 0.5%.

Test 17,000 psychological barriers.

Central banks' intervention in the market will become the new normal. Pierre, chief economist of the Bank of England, said that seeing the major adjustment of the pricing of financial assets, the Bank of England absolutely

He said that in the past week, the Bank of England's Monetary Policy Committee had reached a consensus that it was determined to achieve the inflation target, and it was placed in debt buying.

Instead of trying to limit interest rates, the Bank of England has taken the responsibility of maintaining the orderly operation of the market seriously. Peel's supplement to the Bank of England will be completed in November

The whole evaluation. The market believes that the Bank of England will increase interest rate. Since the Bank of England announced its intervention in the money supply, the pound has risen for three consecutive days and rebounded by more than 3%.

On the other hand, European Central Bank President Lagarde said that the continued deterioration of inflation will damage the European economy, so stabilizing prices is the central bank's top priority, and the European Central Bank needs

Send a strong signal that inflation will not be allowed to deviate from expectations. Lagarde reiterated that she will raise interest rates in the next few meetings. European interest rate hike is expected to suppress risk market

Field, Germany's DAX index fell by 1.7%; Paris CAC index fell by 1.54%; Britain's FTSE 100 index fell by 1.77%. In the post-epidemic era, worsening inflation distorts investment.

Market cognition, the data that used to be good for the stock market is regarded as the reason to hit the market; Yesterday, the United States announced the number of initial jobless claims, which unexpectedly dropped to 200,000.

Next, the number was reported at 193,000. Investors were worried that the US Federal Reserve would further tighten monetary policy. The three major stock markets on Wall Street fell more than 1% across the board. Dow Jones index

Down 1.54%, the S&P 500 Index down 2.09%, and the Nasdaq Composite Index down 2.84%.

While the People's Bank of China wants to maintain domestic economic stability, it has to deal with the situation of capital withdrawal. Yesterday, some media reported that the People's Bank of China asked a number of state-owned banks to prepare to sell.

Selling dollars and buying RMB to defend foreign exchange rate; However, it is expected that the People's Bank of China will export more and more, which is an unavoidable situation. It is true with the Bank of England and the Bank of Japan.

The fact that the market intervention exchange rate is different. Countries intervened in the exchange rate into a new normal, the dollar fluctuated relatively, the gold market rippled among them, and the lowest price of gold fell to 164.

US$ 1.6, with the highest value of US$ 1,664.9, and finally closed at US$ 1,660.9, with a slight increase of US$ 0.9.

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