The Yuan Closed 6.1863 Yuan Against The Dollar, Hitting A Four Month High.

< p > here, the world's < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > a target= "_blank" href= "_blank" > shoes < < hat net > Xiaobian to introduce is RMB closed for more than four months high.

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< p style= "text-align: center" > < img border= "0" align= "center" alt= "" src= "" /uploadimages/201407/29/20140729095520_sj.JPG "/" < > > "

< p > today's < a href= "//www.sjfzxm.com/news/index_c.asp" > RMB < /a > closing price of the US dollar is 6.1863 yuan, a record high of more than four months.

The median price has been weakening for fourth consecutive days.

However, the market wait-and-see sentiment is still strong. There are divergent views on whether the short-term appreciation will continue.

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< p > Deutsche pointed out that the two quarter GDP data corroborated the gradual recovery of China's economy. In June, PMI data showed that the recovery could continue to the three quarter.

Based on the three quarter fiscal spending increase, directional easing, external demand and potential replenishment, Deutsche Bank expects the recovery trend to continue.

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< p > Reuters quoted a share trader as saying: < /p >

< p > feeling that if the central bank does not interfere, the renminbi will continue to appreciate.

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< p > however, traders also believe that although the RMB has continued to appreciate in a short term, it does not mean that it will become a trend.

In contrast, market sentiment is still dominant, and the strength of the international dollar will also constitute resistance. The strong correlation between RMB appreciation and domestic a href= "//www.sjfzxm.com/news/index_s.asp" A shares < /a > today may be relatively weak, and the linkage between the two markets will be obvious in the medium and long term.

Shanghai Composite Index rose 2.4% on Monday and hit a seven month high.

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