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The midpoint of the RMB to USD exchange rate is 6.9141, down by 85 basis points.
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On March 27, the central parity rate of the yuan against the US dollar was reported at 6.9141, a decrease of 85 points.
The probability of the Federal Reserve keeping interest rates unchanged in April is 93.8%.
According to CME’s “FedWatch,” the probability of the Federal Reserve raising interest rates by 25 basis points in April is 6.2%, while the probability of keeping rates unchanged is 93.8%. The probability of the Federal Reserve cumulatively raising rates by 25 basis points by June is 19.9%, the probability of a cumulative increase of 50 basis points is 1.0%, and the probability of keeping rates unchanged is 79.2%.
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Editor: Guo Jian