According to the 11th data from China**** Center, the exchange rate of *** against the US dollar was reported at 6.3483, the first time it exceeded 6.35, and it has hit a new high since the exchange rate reform. Since the exchange rate reform in 2005, the cumulative appreciation of *** against the US dollar has exceeded 30%.

Analysts believe that overnight US dollar index fell 1.42%, is an important reason to promote the strong exchange rate on the 11th. It is expected that the future *** will continue to show slight appreciation against the U.S. dollar, and the flexibility will further increase.

Under the influence of the exchange rate, the inter-bank market exchange rate opened higher to 6.3400 against the US dollar spot exchange rate on the 11th, but it continued to fluctuate and weakened throughout the day. As of the close, the spot exchange rate for *** against the US dollar reported 6.3750, down 0.42% from the previous trading day, and there was a certain inversion with the mid-day price. On the offshore market, the exchange rate on the US dollar 1-year NDF (overseas non-deposits futures) on the 11th was traded on the 6.35 line throughout the day, with no significant change from the previous trading day.

Statistics show that as of October 11th, the *** exchange rate against the U.S. dollar has risen by 4.32% this year. Among them, the appreciation of 1.94% since the second half of the year. Since the exchange rate reform in 2005, the cumulative appreciation of *** against the US dollar has been 30.27%. (Wang Hui)