• Search it
  • Search content
  • Search the author
  • Search topic
Popular:BOE A it China trade logistics it Ganfeng lithium industry it
Financial comment on it
Published in 2017-10-18 10:55:16 shares it online version
In the case ofReport
                        Central Bank Vice President Pan Gongsheng: the central bank has basically withdrawn from the currency market normal intervention
Source: Securities Times Editor: Oriental Fortune Network

October 18, vice president of the People's Bank of China, the State Administration of Foreign Exchange Pan Gongsheng in the opening ceremony before the 1948 Securities Times reporter said that the recent exchange rate of the RMB exchange rate is relatively stable, and can see the exchange rate is driven by the market, The central bank has basically withdrawn from the normalization of intervention, after the Ninth Dollar exchange rate will have a more stable basis.

State Administration of Foreign Exchange Pan Gongsheng said that to enhance the exchange rate flexibility, to maintain the basic stability of the RMB exchange rate at the equilibrium level, this basic principle will not change, some technical changes will be carried out under this basic principle. Monetary policy will remain stable neutral tone.

When talking about the opening up of China's financial industry, Pan Gongsheng said that opening to the outside world is an important strategy for China. It is an important task to promote opening up from a financial point of view or from the perspective of foreign exchange management.

  Extended reading >>>

  China's economy is expected to support the RMB after the National Day rose nearly 1%

  [IMF recently said that China's economic growth stabilized from the trade, commodity prices, confidence and other channels led to emerging markets and global growth momentum]

May to September, the yuan unilateral appreciation trend is obvious, only 4 months, onshore RMB (CNY) against the US dollar more than 6%, once toward 6.4. In the bilateral fluctuations dominated the RMB trend in September, the global institutions are optimistic about the Chinese economy in the context of the yuan from the National Day before the start again, has risen nearly 1%.

Concern is that the strong appreciation of the RMB this month, subject to several factors? What is the good impact of China's economic growth and the exchange rate? What is the pattern of future RMB trend?

China Merchants Securities chief macro analyst Xie Yaxuan told the first financial reporter, the four main reasons to help up the yuan. First, the China Manufacturing Purchasing Managers' Index (PMI) was 52.7%, exceeding market expectations in September; secondly, the International Monetary Fund (IMF) and other institutions have raised China's economic growth forecast for 2017, boosting market confidence; Third, the US inflation data less than expected, leading to the dollar index weakened; In addition, the international capital flows situation has improved.

German business bank chief economist Zhou Hao is the first financial reporter said that China's economic growth higher than previously expected, is expected at the end of the yuan against the dollar around 6.76.

  RMB to regain the rally

As of October 14, Beijing time at 14:30, on the yuan against the dollar reported 6.614, 6.6785 before the National Day before the appreciation of nearly 1%. The first financial reporter interviewed learned that, in addition to China's economy better than expected, the recent rally in the RMB exchange rate rose by multiple factors.

First, the dollar is sluggish. Friday's US inflation data is less than expected to lead to a sharp dive of the dollar, making the external pressure on the renminbi has been reduced.

"Inflation is lower than expected to exacerbate the uncertainty of the Fed policy, the future inflation haze will continue to be shrouded in the dollar long above." Forex broker OANDA Asia Pacific chief trading officer Stephen Ennis (StephenInnes) told the first financial reporter.

Secondly, Xie Yaxuan said that after the end of the National Day holiday, residents of foreign tourism demand for foreign exchange will help the domestic foreign exchange market supply and demand improved to ease the seasonal pressure of the RMB before the holiday. Historical data show that the September service trade under the bank on behalf of the sink sales volume is often significantly greater than the October level.

In addition, the international capital flows have improved. Last week, China, South Korea, India and other emerging economies, the increase in international capital inflows, especially in South Korea, the most obvious, into the scale of the highest level this year. Investment macro team emerging market liquidity indicators low rebound trend is more obvious.

From the market funds, according to the flow of funds to the monitoring agency EPFR last week statistics, the Chinese market (including A, H and red chips) fund inflows significantly expanded the inflow of 1.29 billion US dollars this week (only 230 million US dollars last week) Hit the largest single-week inflow since July 2015.

At the same time, in August China's foreign exchange reserve balance increased by 10.8 billion US dollars, for the seventh consecutive month of recovery.

It is noteworthy that, in the interview with the first financial reporter, most of the means that the RMB exchange rate does not exist in the central bank intervention elements. "The average daily volume of the foreign exchange market last week was only $ 21 billion, a relatively low level since August, which is a strong evidence that the central bank has not intervened in the market," said Xie Yaxuan.

  China's economy is better than expected

External factors are important, but the economic fundamentals are the long-term factors that determine the strength of the exchange rate. Since the second half of the year, global institutions have raised their expectations for China's economy.

UBS Securities China's chief strategist Gao Ting told the first financial reporter, PMI unexpectedly rose in September, industrial producer ex-factory price index (PPI) year on year growth rate is expected, still mainly from the price of raw materials to promote.

Central Bank Governor Zhou Xiaochuan also said that China's economic growth in the second half is expected to reach 7.0%, this level is also beyond the market before the second half of the economic growth will slow down the judge.

IMF recently said that China's economic growth stabilized from the trade, commodity prices, confidence and other channels led to emerging markets and global growth momentum, China is expected in 2017 gross domestic product (GDP) growth rate will rise to 6.8%, 2018 Year was 6.5%, compared with April this year, respectively, the emergence of 0.2 and 0.3 percentage points increase.

In August, Moody's raised its economic growth rate in 2006 from 6.8% to 6.8% in the first half of the year, and raised its economic growth forecast for 2018 from 6.3% to 6.4% %.

Bank of Communications chief economist Lian Ping said that the annual economic growth will be significantly higher than 6.5%, is expected to remain at 6.8%, the overall run smoothly.

Specifically, the expansion of export growth has become the main contributor to the rise in GDP this year. Morgan Stanley Huaxin Securities chief economist Zhang Jun told the first financial reporter, relative to the same period last year dragged 0.7 percentage points in terms of net profit in the first half of this year pulled GDP growth rate of 0.3 percentage points. Correspondingly, the first half of this year in dollar-denominated export growth from last year's -9.57% rebounded to 8.5%.

Zhang Jun believes that in view of the last two months Morgan Stanley Global Trade Leadership Index (MSGTLI) stabilized rebound in the trend of global trade growth in the fourth quarter will maintain a relatively stable trend, will not be substantially shrinking, the fourth quarter of China's economic growth momentum will continued.

  RMB to stabilize in the fourth quarter

In terms of the fourth quarter, the major institutions generally expect the RMB against the dollar will be interval pattern, but also there is no greater possibility of devaluation.

At present, the RMB cross-border capital flows have improved. China's central bank announced the end of September 2017 official foreign exchange reserve balance of $ 3108.5 million, for eight consecutive months of growth.

In addition, the purchase and exchange rates of enterprises and residents (residents and enterprises to buy foreign exchange and foreign exchange earnings to customers) fell to 61%, the purchase exchange rate at the beginning of this year was 74%. Enterprises and residents of the settlement will (residents and enterprises to sell foreign exchange to the bank and foreign exchange earnings ratio) to 62%.

On the external factors, although the Fed launched the contract in October, December or will raise interest rates again, but this has been expected in the market, and because of US fiscal stimulus uncertainty, inflation continued weakness, will inhibit the dollar The upside.

Societe Generale foreign currency strategist Kit Jucks (KitJuckes) told the first financial reporter, the market has been fully expected in 2018 the Fed's tightening process will be very gentle, although the dollar will not fall, but the September growth of the US dollar Has been disintegrated, "now, the euro is still underestimated, the average return of the valuation will continue.If the European economic recovery continues, the European Central Bank continued to promote the normalization process, then the euro against the dollar will rise in 18 months to 1.3 "

The euro in the dollar index accounted for about 70% of the weight, and since 2015 the euro against the dollar depreciation of nearly 30%, once the euro began to rise, the dollar will also be affected.

In addition, institutions generally expect that if the US inflation does not appear to rise significantly, the dollar is also difficult to significantly appreciate.

"10-year inflation-on-bond (TIPS) yields fell 4 percentage points from the beginning of the year, while in other G10 countries (countries participating in the General Loan Agreement), the yield has risen, such as Germany's climbing Base, Canada climbed 25 basis points over the same period, the dollar against the G10 currency depreciation. "Zucks said.

"Federal Reserve officials are assessing whether the inflation downturn is intermittent, and now the market is expected to rise to about 2.5% of the federal funds rate, inflation may remain below 2%, so this is not enough to allow the dollar back in December last year High, "he said. (Source: First Financial Daily)

                    SortingEarliestrecentMost praise
Posted at 2017-10-18 13:14:44
Shashi Hou time out of the stock market intervention it?
Posted at 2017-10-18 14:01:54
is it? Ha ha!
Published at 2017-10-18 15:08:59
We look at China Transtech Services 600730 prefix mini-small disk full circulation, can turn several times that we say
Posted at 2017-10-18 15:10:13
China Gaoke rare in the small cap full circulation stocks, the potential is huge
Posted at 2017-10-18 15:13:43
300113
Published at 2017-10-18 15:18:02
twenty three
Posted at 2017-10-18 15:24:36
Eat the market came, the end of the real market or the Red Sea home page in the push Shouxian Valley and Sichuan Jiuzhou, the Red Sea, said the big customers will be pulled up, pulled up more than the red sea pre-blasted Zhangjiagang line and Jidong equipment We can actively participate in heavy positions, will copy doubled market! After the holiday market index will remain stable upward trend, light index heavy stocks, to seize the mainstream hot is the leading shares of the king.
Published at 2017-10-18 15:31:39
Posted at 2017-10-18 13:14:44
Shashi Hou time out of the stock market intervention it?
The national team can not find the plate to exit a wool
Published at 2017-10-18 15:43:36
Communication white horse leading 5G force NB-IOT is expected to start a prairie fire
At 10:54 on October 18, 2017 Author: Liu Yang Source: Shen Wanhong Source Editor: dongfangcaifuwang
Silan micro; hot chip, lithium battery protection. Huijin is the second largest shareholder, the largest shareholder holds 41%!
5G force. 4G to 5G smooth evolution, early network to expand as the core. 5G investment is gentle and lasting, vertical industry is the future of the Nuggets point. MWC2017 to see the latest progress of 5G industry chain. 4G core stocks the best layout point: license issued one year ahead of schedule. Base station antenna RF business: relative revenue and performance growth rate of high consistency. Predict the domestic 5G license issued by the point: the end of 2019 -2020 early.
NB-IoT is expected to start a prairie fire. Domestic look NB-IoT, the global car network. Domestic operators NB-IoT business process leading global. To be network ready and cost reduction, the chip module will usher in the golden period. IoT core value lies in the application of service capabilities. One MoreThing: The giant drives eSIM into the fast lane.
Baotuan faucet and value mining both. (1) value mining: underestimate the value of second-line leader; (2) Baotuan faucet: really grow white horse. Branch letter technology underestimated the value of A shares scarcity of enterprise-class network equipment leader, endogenous growth strong research and development, the Internet of Things layout in progress. Short-term look NB-IoT, low-frequency re-farming and overseas market improvement, long 5 ...
Posted at 2017-10-18 16:48:58
002871 future big cow shares
Posted at 2017-10-18 16:51:14
Niang Xipi: chairman, Northeast Securities 3 quarterly 0.27 yuan price of 10.03 yuan is not as good as the real loss of the ST,Why is thatThe
600149 * ST Square show 2 quarterly -0.01 yuan stock price 12.76 yuan 600733 * ST striker 2 quarterly 0.00 yuan share price 50.18 yuan
600847 * ST Miles 2 quarterly -0.00 yuan stock price of 15.35 yuan 600228 * ST Chang nine 2 quarterly -0.06 yuan price of 14.42 yuan
600817 * ST Hongsheng 2 quarterly -0.00 yuan stock price 14.05 yuan 600265 ST King Valley 2 quarterly -0.07 yuan price 25.07 yuan
600680 ST on the general 2 quarterly -0.36 yuan price 14.11 yuan 600234 ST landscape 2 quarterly -0.06 yuan price of 15.51 yuan
002134 * ST Maple 2 quarterly -0.03 yuan price 10.16 yuan 002473 * ST St. Levin 2 quarterly -0.07 yuan price of 16.11 yuan
002070 * ST public and 2 quarterly -0.10 yuan price 10.17 yuan 000693 * ST Huazawa 2 quarterly -0.13 yuan price of 12.50 yuan
000803 * ST Jinyu 2 quarterly -0.20 yuan shares 24.10 yuan
Phi stars wearing a hat on ten yuan, Happy to have fat yearsThe Work hard to reorganize, The more the worse the more moneyThe ...
Posted at 2017-10-18 17:11:40
OCT A000069 third quarter results doubled conservative target 18.88 yuan!
As of 2017-10-13, the last 12 months of the company's performance forecast for the next three years

2017 performance of a total of 17 institutions to give forecasts, the average forecast 2017 earnings per share 0.9967, of which:
Guotai Junan most optimistic, forecast net profit of 9354476800 yuan; Guhai Securities is more conservative
, Forecast net profit of 5990,147,400 yuan.

2018 performance A total of 16 institutions to give forecasts, the average forecast 2018 earnings per share 1.2495, of which:
Shun Securities is the most optimistic, forecast net profit of 12469.40 million yuan; State Securities is more conservative
, Forecast net profit of 730305.65 million.

2019 results A total of 12 institutions to give forecasts, the average forecast of 2019 earnings per share 1.5159, of which:
Shun Securities is the most promising, forecast net profit of 1512130 million yuan; Bank of China is more conservative
, Forecast net profit of 894.9 million yuan.
Posted at 2017-10-18 17:14:05
OCT A000069 third quarter results doubled conservative target 18.88 yuan!
As of 2017-10-13, the last 12 months of the company's performance forecast for the next three years

2017 performance of a total of 17 institutions to give forecasts, the average forecast 2017 earnings per share 0.9967, of which:
Guotai Junan most optimistic, forecast net profit of 9354476800 yuan; Guhai Securities is more conservative
, Forecast net profit of 5990,147,400 yuan.

2018 performance A total of 16 institutions to give forecasts, the average forecast 2018 earnings per share 1.2495, of which:
Shun Securities is the most optimistic, forecast net profit of 12469.40 million yuan; State Securities is more conservative
, Forecast net profit of 730305.65 million.

2019 results A total of 12 institutions to give forecasts, the average forecast of 2019 earnings per share 1.5159, of which:
Shun Securities is the most promising, forecast net profit of 1512130 million yuan; Bank of China is more conservative
, Forecast net profit of 894.9 million yuan.
Posted at 2017-10-18 17:33:46
RMB appreciation at least for the stock market is a good thing, the other do not do evaluation.
Posted at 2017-10-18 20:37:00
We believe that: Wei Long shares (002871) small, high performance growth, the original eight of the many concept of the theme is (1. military, 2. Xiong An, 3, along the way, 4. Guangdong, Hong Kong and Macao Bay, Anxin District excavation of the Jing'an Canal Baotian Canal, 6. China made 2015,7. National 172 major water conservancy projects, 8. Pan Xiaogang listed, no small non-three years without lifting the ban shares - excellent high growth - with The implementation of high-sending large dividend capacity) missed one is the company's sewage treatment system products are environmentally friendly concept; as Wei Long product demand with the seasonal strong, generally after the second half of all large projects to increase the amount of construction (the first half of the completion of approval Pre-work into the construction), Wei Long profit growth in the second half of the larger. The The Today, the broader market as a whole, the market plate to accelerate wheeled, capital cautious mood, which makes the subject stocks into the round fried stage. The market expected follow-up meeting will refer to the central enterprises reform, China's intelligent manufacturing 2025, science and technology, culture; strategy can pay more attention to the relevant concept stocks and military, environmental protection, Xiong has long-term value of the new shares. The The
Posted at 2017-10-18 23:24:47
Really out of the way?
Posted at 2017-10-18 23:50:51
What bird?
Posted at 2017-10-18 23:57:31
Own property revaluation value. As of mid-2017, the company's 53 stores in 14 for their own property, two for their own leasing. The Company's own property has a total construction area of ​​852,000 square meters. According to the market price, the property value is 17.5 billion, plus the money fund of 6.76 billion yuan and deducting long-term borrowing and bonds payable 1.61 billion. The revaluation value of the company's assets is about 22.65 billion yuan, Premium of 56%.
Posted at 2017-10-19 06:56:55
Praise, hope that A shares also quickly withdraw from the intervention, with laws and regulations to manage the A shares, so as to change the A shares of the bottom of the year
Comment on the topicPosts are gone! How to do?
Author: You will not be publishedlog in |5 seconds to register Author:, Welcome messagedrop out |Published new theme
                Tip: the user published in the community all the information, statements, etc. only represent the personal point of view, and this site has nothing to do, do not constitute any investment advice to you. Users should be based on their own independent judgments, to determine their own securities investment and bear the corresponding risks."Thread review self-discipline management commitment"
Source: Securities Times Editor: Oriental Fortune Network

October 18, vice president of the People's Bank of China, the State Administration of Foreign Exchange Pan Gongsheng in the opening ceremony before the 1948 Securities Times reporter said that the recent exchange rate of the RMB exchange rate is relatively stable, and can see the exchange rate is driven by the market, The central bank has basically withdrawn from the normalization of intervention, after the Ninth Dollar exchange rate will have a more stable basis.

State Administration of Foreign Exchange Pan Gongsheng said that to enhance the exchange rate flexibility, to maintain the basic stability of the RMB exchange rate at the equilibrium level, this basic principle will not change, some technical changes will be carried out under this basic principle. Monetary policy will remain stable neutral tone.

When talking about the opening up of China's financial industry, Pan Gongsheng said that opening to the outside world is an important strategy for China. It is an important task to promote opening up from a financial point of view or from the perspective of foreign exchange management.

  Extended reading >>>

  China's economy is expected to support the RMB after the National Day rose nearly 1%

  [IMF recently said that China's economic growth stabilized from the trade, commodity prices, confidence and other channels led to emerging markets and global growth momentum]

May to September, the yuan unilateral appreciation trend is obvious, only 4 months, onshore RMB (CNY) against the US dollar more than 6%, once toward 6.4. In the bilateral fluctuations dominated the RMB trend in September, the global institutions are optimistic about the Chinese economy in the context of the yuan from the National Day before the start again, has risen nearly 1%.

Concern is that the strong appreciation of the RMB this month, subject to several factors? What is the good impact of China's economic growth and the exchange rate? What is the pattern of future RMB trend?

China Merchants Securities chief macro analyst Xie Yaxuan told the first financial reporter, the four main reasons to help up the yuan. First, the China Manufacturing Purchasing Managers' Index (PMI) was 52.7%, exceeding market expectations in September; secondly, the International Monetary Fund (IMF) and other institutions have raised China's economic growth forecast for 2017, boosting market confidence; Third, the US inflation data less than expected, leading to the dollar index weakened; In addition, the international capital flows situation has improved.

German business bank chief economist Zhou Hao is the first financial reporter said that China's economic growth higher than previously expected, is expected at the end of the yuan against the dollar around 6.76.

  RMB to regain the rally

As of October 14, Beijing time at 14:30, on the yuan against the dollar reported 6.614, 6.6785 before the National Day before the appreciation of nearly 1%. The first financial reporter interviewed learned that, in addition to China's economy better than expected, the recent rally in the RMB exchange rate rose by multiple factors.

First, the dollar is sluggish. Friday's US inflation data is less than expected to lead to a sharp dive of the dollar, making the external pressure on the renminbi has been reduced.

"Inflation is lower than expected to exacerbate the uncertainty of the Fed policy, the future inflation haze will continue to be shrouded in the dollar long above." Forex broker OANDA Asia Pacific chief trading officer Stephen Ennis (StephenInnes) told the first financial reporter.

Secondly, Xie Yaxuan said that after the end of the National Day holiday, residents of foreign tourism demand for foreign exchange will help the domestic foreign exchange market supply and demand improved to ease the seasonal pressure of the RMB before the holiday. Historical data show that the September service trade under the bank on behalf of the sink sales volume is often significantly greater than the October level.

In addition, the international capital flows have improved. Last week, China, South Korea, India and other emerging economies, the increase in international capital inflows, especially in South Korea, the most obvious, into the scale of the highest level this year. Investment macro team emerging market liquidity indicators low rebound trend is more obvious.

From the market funds, according to the flow of funds to the monitoring agency EPFR last week statistics, the Chinese market (including A, H and red chips) fund inflows significantly expanded the inflow of 1.29 billion US dollars this week (only 230 million US dollars last week) Hit the largest single-week inflow since July 2015.

At the same time, in August China's foreign exchange reserve balance increased by 10.8 billion US dollars, for the seventh consecutive month of recovery.

It is noteworthy that, in the interview with the first financial reporter, most of the means that the RMB exchange rate does not exist in the central bank intervention elements. "The average daily volume of the foreign exchange market last week was only $ 21 billion, a relatively low level since August, which is a strong evidence that the central bank has not intervened in the market," said Xie Yaxuan.

  China's economy is better than expected

External factors are important, but the economic fundamentals are the long-term factors that determine the strength of the exchange rate. Since the second half of the year, global institutions have raised their expectations for China's economy.

UBS Securities China's chief strategist Gao Ting told the first financial reporter, PMI unexpectedly rose in September, industrial producer ex-factory price index (PPI) year on year growth rate is expected, still mainly from the promotion of raw material prices.

Central Bank Governor Zhou Xiaochuan also said that China's economic growth in the second half is expected to reach 7.0%, this level is also beyond the market before the second half of the economic growth will slow down the judge.

IMF recently said that China's economic growth stabilized from the trade, commodity prices, confidence and other channels led to emerging markets and global growth momentum, China is expected in 2017 gross domestic product (GDP) growth rate will rise to 6.8%, 2018 Year was 6.5%, compared with April this year, respectively, the emergence of 0.2 and 0.3 percentage points increase.

In August, Moody's raised its economic growth rate in 2006 from 6.8% to 6.8% in the first half of the year, and raised its economic growth forecast for 2018 from 6.3% to 6.4% %.

Bank of Communications chief economist Lian Ping said that the annual economic growth will be significantly higher than 6.5%, is expected to remain at 6.8%, the overall run smoothly.

Specifically, the expansion of export growth has become the main contributor to the rise in GDP this year. Morgan Stanley Huaxin Securities chief economist Zhang Jun told the first financial reporter, relative to the same period last year dragged 0.7 percentage points in terms of net profit in the first half of this year pulled GDP growth rate of 0.3 percentage points. Correspondingly, the first half of this year in dollar-denominated export growth from last year's -9.57% rebounded to 8.5%.

Zhang Jun believes that in view of the last two months Morgan Stanley Global Trade Leadership Index (MSGTLI) stabilized rebound in the trend of global trade growth in the fourth quarter will maintain a relatively stable trend, will not be substantially shrinking, the fourth quarter of China's economic growth momentum will continued.

  RMB to stabilize in the fourth quarter

In terms of the fourth quarter, the major institutions generally expect the RMB against the dollar will be interval pattern, but also there is no greater possibility of devaluation.

At present, the RMB cross-border capital flows have improved. China's central bank announced the end of September 2017 official foreign exchange reserve balance of $ 3108.5 million, for eight consecutive months of growth.

In addition, the purchase and exchange rates of enterprises and residents (residents and enterprises to buy foreign exchange and foreign exchange earnings to customers) fell to 61%, the purchase exchange rate at the beginning of this year was 74%. Enterprises and residents of the settlement will (residents and enterprises to sell foreign exchange to the bank and foreign exchange earnings ratio) to 62%.

On the external factors, although the Fed launched the contract in October, December or will raise interest rates again, but this has been expected in the market, and because of US fiscal stimulus uncertainty, inflation continued weakness, will inhibit the dollar The upside.

Societe Generale foreign currency strategist Kit Jucks (KitJuckes) told the first financial reporter, the market has been fully expected in 2018 the Fed's tightening process will be very gentle, although the dollar will not fall, but the September growth of the US dollar Has been disintegrated, "now, the euro is still underestimated, the average return of the valuation will continue.If the European economic recovery continues, the European Central Bank continued to promote the normalization process, then the euro against the dollar will rise in 18 months to 1.3 "

The euro in the dollar index accounted for about 70% of the weight, and since 2015 the euro against the dollar depreciation of nearly 30%, once the euro began to rise, the dollar will also be affected.

In addition, institutions generally expect that if the US inflation does not appear to rise significantly, the dollar is also difficult to significantly appreciate.

"10-year inflation-on-bond (TIPS) yields fell 4 percentage points from the beginning of the year, while in other G10 countries (countries participating in the General Loan Agreement), the yield has risen, such as Germany's climbing Base, Canada climbed 25 basis points over the same period, the dollar against the G10 currency depreciation. "Zucks said.

"Federal Reserve officials are assessing whether the inflation downturn is intermittent, and now the market is expected to rise to about 2.5% of the federal funds rate, inflation may remain below 2%, so this is not enough to allow the dollar back in December last year High, "he said. (Source: First Financial Daily)