RMB Short Positions Hit High. Most Asian Currencies Are Pessimistic.

A survey of 18 foreign exchange analysts and traders from Tuesday to Thursday showed that the renminbi's short positions increased to a high level since April 2010. Analysts are still not optimistic about the outlook for the renminbi, which is expected to be further supported by the PBOC. Economics 。

The Central Bank of China lowered interest rates last week and guided the yuan. Middle price Weaker, earlier this week, the renminbi fell to its lowest level since October 2012.

Reuters began to include Renminbi in the new Asian currency position survey in April 2010.

The survey also showed that India Ruby warehouse rose to nearly two months high, because the Central Bank of India lowered interest rates, triggering market optimism will have more capital into the India stock market.

Investors' pessimistic view of the Indonesian rupee is the most since the early October.

The Indonesian rupee weakened its 13000 psychological barrier on Thursday against the US dollar, the first since the Asian financial crisis in 1997-98.

Singapore's yuan warehouse has also hit the highest since the beginning of December. Another Reuters poll shows that the monetary authority of Singapore may ease monetary policy in April.

The Korean won and Taiwan dollar short positions all hit two months high, and the Thai baht also turned empty.

Ruby warehouse in India rose to the highest level since the end of January.

The Reuters survey focused on the current positions of the nine currencies in emerging Asian markets: RMB, South Korean won, Singapore Poyuan, Indonesian rupee, Taiwan dollar, India rupee, Philippines peso, Malaysia Ma and Thailand baht.

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In the face of the increasing volatility of the RMB to us dollar exchange rate, many foreign exchange analysts have suggested that investors can properly purchase some US dollars as family currency assets so as to diversify investment risks and deal with the losses caused by the continued depreciation of the renminbi.

A state-owned bank's financial planner suggested that although few customers actively take part in the bank consultation to convert some Renminbi assets into US dollars, but for those who have children studying in the United States, or those who need us dollars for a certain period of time, it is a good choice to buy the dollar in a timely manner.

However, insiders pointed out that the current fluctuations in the RMB exchange rate will not bring about a significant increase in the cost of studying abroad and travel. In exchange for foreign exchange, in the past, the rule of "unilateral revaluation of the RMB" in the past "more late exchange refunds" has been broken. The public should adjust relevant ideas in time.

As for the US dollar assets purchased for the exchange rate risk, the yield of foreign currency investment and financial products is relatively low at present. The market average of the annual yield is about 2%.

However, "based on the long-term performance of the US dollar, we will still recommend that some large assets customers appropriately convert part of the renminbi into US dollars in order to diversify investment risks and hedge exchange rate risks. In terms of investment type, overseas property, QDII products and so on are all good choices.

For foreign trade enterprises, the sharp fluctuation of RMB exchange rate will directly affect the actual profits of foreign trade enterprises. "The era of unilateral appreciation has closed in the past, and the exchange rate risks faced by enterprises have risen sharply. It has become a problem for enterprises to focus on, select products and choose timing." Liu Dongliang said. Therefore, hedging products provided by banks will become the best "weapon" for enterprises to lock in profits, and those with larger trade volume can consider related investments.