On March 23, the central parity rate of the renminbi against the US dollar was reported at 6.9041, down by 143 basis points.
The probability of the Federal Reserve maintaining interest rates unchanged in April is 87.6%, while the probability of a rate hike is 12.4%.
According to CME’s ‘FedWatch’: The probability of the Federal Reserve raising interest rates by 25 basis points in April is 12.4%, while the probability of keeping rates unchanged is 87.6%. By June, the cumulative probability of a 25-basis-point rate hike is 21.9%, the cumulative probability of a 50-basis-point rate hike is 1.6%, and the probability of maintaining rates unchanged is 76.5%.
