The Aussie Dollar Strengthened Strongly Against The US Dollar, Benefiting From China'S Economic Stimulus Expectations.

< p > on Tuesday (March 25th), New York's a href= "//www.sjfzxm.com/news/index_cj.asp" > Australian dollar /a > maintained a strong strength against the US dollar and is now trading near 0.9130.

Although China's HSBC manufacturing PMI released on Monday (March 24th) was not as good as expected, the weaker data made the market think that China's policy makers might introduce more economic stimulus policies, and the Aussie dollar was higher against the US dollar.

< /p >

< p > > a href= "//www.sjfzxm.com/news/index_cj.asp" > Australia < /a > is an export-oriented economy. Its economy depends to a large extent on China. If its trading partner economy slows down, Australia itself will be affected.

Traders said that today's weak manufacturing data in China actually exacerbated the fact that Chinese policymakers might choose to stimulate the economy faster and boost the Australian dollar.

< /p >

Kapoor P, foreign exchange strategist at Commonwealth Bank of Australia (Joe Capurso) said that after the release of China's PMI data, the market enlarged the Australian dollar's downtrend, but there was a new wave of Australian dollar buying in the market soon afterwards.

Kapoor said that these purchases may come from the Central Bank of China. The central bank may be increasing the Australian dollar assets less than a href= "//www.sjfzxm.com/news/index_cj.asp" and foreign exchange reserves less than /a.

< /p >

< p > technology, the Australian dollar to the US dollar 4 hours map, the price trend is more.

Technical indicators MACD (12, 26, 9) main line and signal line above the zero axis, indicating that the price trend is too much.

The relative strength index RSI (14) goes up to the 50 equilibrium position, indicating that the price dynamics are excessive.

Investors can pay attention to 0.9150 of the resistance above, below 0.91 concerns the support of the integer pass.

< /p >

< p > related links: < /p >

In recent years, the RMB exchange rate reform has been steadily and orderly. The development of offshore market business and the expansion of exchange rate flexibility are all measures taken by the central bank to effectively promote the reform of the RMB exchange rate. P

The rising international status and a series of reform measures are also gradually promoting the internationalization process of RMB.

< /p >

< p > Standard Chartered Bank [micro-blog] CEO and Yevgeniy Gavrilenkov, chief economist of Russian Federation savings bank (Yevgeny), have high hopes for the RMB at the China Development Summit held recently.

< /p >

P said that in 2012, the yuan had become the seventh largest payment currency in the world, accounting for 7% of the total global trade financing, which has surpassed the euro.

In 2013, the RMB trading volume in the offshore market increased by 13%. At this rate, the renminbi will become the fourth largest payment currency in the world by 2020.

< /p >

< p > Gavrilenkov said: "the renminbi will probably become the third largest reserve currency in the world."

"This prediction is based on the level of China's economic development," he said.

Maybe after a long time, the scale of China's GDP will grow to a scale of 14 trillion to 16 trillion dollars, which is almost the same as that of the European Union and the United States.

< /p >

Under the dual impetus of the government and the market, the offshore RMB market has been developing rapidly since 2013, and the total assets of offshore renminbi including deposits, certificates of deposit, bonds and loans have nearly doubled since the P.

< /p >