Summary
Offshore renminbi against the US dollar rose above 7.00 mark intraday, the highest touched 6.9980, after hitting a 7.0 mark for the onshore renminbi against the US dollar, since August 5 for the first time.
Data from the China Foreign Exchange Trading Center show that on the 5th of RMB against the US dollar reported 7.0385, compared with the previous trading day down 3 bps.
News, the central bank will once again resorted to the weapon to help stabilize the offshore RMB market - offshore central bank bills.
According to the central bank previously announced plans to release November 7 Ri (Zhousi) Chinese People Yinxing through the Hong Kong Monetary Authority CMU system (CMU) Tender platform, the tender issued in 2019 Tenth and Eleventh Central Bank notes, which Tenth central bank bills period of three months (91 days), with a circulation of 20 billion yuan, the central bank eleventh year tenor, with a circulation of 10 billion yuan.