In the foreign exchange market in Shanghai on the 28th, the movement to sell the renminbi strengthened as the movement to buy the dollar progressed worldwide, and at one point the level of "the depreciation of the yuan against the dollar" was reached for the first time in about 14 years and 8 months. rice field.

In the Shanghai foreign exchange market on the 28th, the movement to sell the yuan and buy the dollar progressed, and for the first time in about 14 years and 8 months since January 2008, the yuan fell to the 7.23 yuan level. I rated it "high".



There is a growing trend to buy the dollar globally due to the growing view that the United States will continue to raise interest rates significantly, and the central bank of China and the People's Bank of China are continuing their accommodative monetary policies. The reason for this was the awareness of the difference in policy between the United States and China.



Among Asian currencies, the Indian rupee and the Philippine peso recently hit record lows against the dollar. Currencies such as deep South Korea and Thailand are also being sold.



A market insider said, ``The yuan is depreciating more than when the trade friction between the United States and China was intensifying, partly due to continuing concerns about the future of the Chinese economy. We are wary of capital outflows due to the decline, and we have announced a series of measures to check them, but they have not had much effect, and future measures are attracting attention."