Two-way fluctuation of RMB increases enterprises' active risk aversion

FAP, June 3 (FAP)-A few days ago, the RMB exchange rate against the US dollar rebounded after new progress was made on the US debt ceiling issue and external pressure eased. On June 2, both the onshore and offshore RMB exchange rates rose sharply against the US dollar, recovering 7.10 yuan in intraday trading. According to expert analysis, there was a relatively obvious adjustment of the RMB exchange rate in May, which may be affected by many factors, such as the short-term strength of the US dollar, fluctuations in individual economic indicators, and so on. But in the longer term, as domestic demand improves, the economy continues to recover, and overseas markets repair risk appetite, the pressure on the RMB exchange rate is expected to ease gradually and continue to fluctuate in both directions. At present, the willingness and action of enterprises to implement exchange rate risk aversion have been significantly enhanced.