Currency Exchange Rates - The CFETS RMB exchange rate index fell to 96.2, down 0.5% week-on-week; the BIS RMB exchange rate index dropped to 101.79, down 0.57%, marking a new low since September 2023; the SDR RMB exchange rate index decreased to 91, down 0.42% [1] - The onshore RMB against the USD closed at 7.1895, up 142 basis points for the week, reaching a new high since November 8 of the previous year; the offshore RMB against the USD rose by 376 basis points, closing at 7.1722 [1] Economic Indicators - The U.S. 20-year Treasury bond auction results were poor, with a bid-to-cover ratio dropping to 2.46, the lowest since February of this year; the yield reached 5.047%, marking the second time it exceeded 5% [3] - The Eurozone's composite PMI fell to 49.5, indicating economic contraction, with the services PMI dropping to 48.9, the lowest since January 2024 [4] Foreign Investment and Trade - In April 2025, foreign capital net purchases of domestic bonds reached $10.9 billion, indicating a high level of foreign investment; foreign investment in domestic stocks turned into net buying in late April [2] - China's trade with Central and Eastern European countries reached 329.68 billion yuan in the first four months of this year, a year-on-year increase of 5.6%, setting a historical high for the same period [6] Monetary Policy - The People's Bank of China announced a simultaneous decrease in loan and deposit rates, with the one-year and five-year LPR down by 10 basis points to 3.0% and 3.5%, respectively [7] - The PBOC will conduct a 500 billion yuan MLF operation to maintain liquidity in the banking system, resulting in a net injection of 375 billion yuan for the third consecutive month [7]
三大人民币汇率指数全线下行,CFETS按周跌0.5
Xin Hua Cai Jing·2025-05-26 02:58