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the rmb exchange rate has appreciated significantly! on september 19, three major news in the early morning of this morning have fully fermented!

2024-09-19

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first, the expectation of interest rate cut in the us has increased significantly. at the same time, the rmb exchange rate has also ushered in a strong rise, with the intraday increase exceeding 160 points at one point, and successfully breaking through the 7.10 mark. the current exchange rate is 7.095. it can be seen that foreign investors favor domestic assets.

late at night, the global market will usher in a critical moment: the federal reserve will announce its september interest rate decision, and the specific extent of the interest rate cut will be revealed. however, it seems that the us dot plot is unlikely to support the market's expectations of radical and rapid interest rate cuts, but is more likely to take a more rhythmic interest rate cut path. this also means that the rmb exchange rate will appreciate rhythmically.

2. midea’s listing in hong kong is the largest ipo in hong kong stocks in three years, and many companies are planning “a+h” dual listings.

midea group's ipo raised up to hk$31 billion, becoming one of the highlights of the "a+h" listing on the hong kong stock market this year.

in the first half of the year, there were 30 new listings on the hong kong stock exchange, with a total fundraising of hk$13.4 billion, which only accounted for 43.23% of the ipo fundraising of midea group. if we look at it from a longer-term timeline, midea group's ipo is the second largest ipo event in the hong kong stock market in 43 months.

3. late at night, the world's attention is focused on the federal reserve's decision to cut interest rates, and this "giant ship" of interest rate cuts is about to officially set sail.

for the global market, tonight may be a sleepless night full of expectations. at present, the industry generally predicts that the fed will announce the first interest rate cut in four years at this meeting, which is almost certain. i personally tend to think it will be 25 basis points.

although the market generally expects the fed to cut interest rates this month, there is no definite answer as to the specific extent of the rate cut - whether it will take a traditional 25 basis point rate cut or a bolder 50 basis point cut directly, taking the first step of a more aggressive easing policy. anyway, the rmb exchange rate has stabilized.

when will a-shares recover?

a-shares hit a new low, and the key point of the current market is whether the index can end the 30-minute downward trend. the technical key point is whether the index can stabilize above 2719 points, thereby continuing the rebound momentum.

if the shanghai composite index can end the 30-minute downward trend, it means that the downward trend at the daily level may change. however, i still hope that it can fall less. if it continues like this, 2700 points will really be lost.

investment is risky, so be cautious when entering the market. let us be friends with time and enjoy the benefits of value investment. for any opinions on the recent stock market, readers are welcome to discuss in the comment section below.