The offshore yuan rose nearly 900 points against the dollar in two trading days, and analysts analyzed four major reasons

On May 5th, May 2nd, the offshore RMB rose by nearly 1% against the US dollar. It opened today and soared again. The maximum increase in the two trading days was close to 900 points. At the same time, the A50 performance was also very outstanding, with the recent two trading days rising by more than 1.5%. Analysts believe that there are four main reasons: First, the May Day travel data set a new record high, which may inject more economic growth momentum; second, the Sino-US economic and trade consultations released a positive signal during the May Day period; third, safe-haven funds may be increasing the allocation of RMB assets; fourth, under the background of the trend of the US dollar index, the foreign exchange settlement may be gradually released. During the long holiday, the positive signal from China-US economic and trade may be the direct reason for the rise of RMB assets. The spokesperson of the Ministry of Commerce pointed out in response to a reporter's question on the Sino-US economic and trade dialogue and consultation that China has noticed the repeated statements of the US high-level, expressing its willingness to negotiate with China on the tariff issue. At the same time, the US has recently taken the initiative to convey information to China through relevant parties, hoping to start talks with China. China is evaluating this.