关于人民币频创新高的思考

2012年11月12日，人民币对美元汇率收盘再触涨停价位6．299l，创自1994年汇改以来新高，已经连续10个交易日触及涨停上限。从2012年7月底至今，人民币对美元重显强势，至今已经累计升值约2.4％。究其背后，人民币近期强势升值原因较多，主要在于市场对中国经济继续下滑担忧的舒缓、海外宽松的货币政策导致国际资本的持续流入，同时也包括美国大选的政治因素等方面叠加的结果。未来人民币持续大幅升值的动力不足，迅猛升势难以持续，有升有贬将是常态。

Thinking on RMB Hitting a New Record Frequency

On November 12, 2012 the exchange rate of the RMB against the U.S. dollar closing price of 6.2991 and then touch the daily limit, record a new high since the exchange rate reform in 1994, it has hit a limit ceiling for 10 trading days. Since the end of July 2012, the exchange rate of the RMB against the U.S. dollar redisplays strong. It has already accumulated an appreciation of about 2.4%. RMB recent strong appreciation has many reasons： market reduced concerns about China＇s economy continues to decline; overseas loose monetary policy led to the continuous inflow of international capital. Also including political factors of the United States presidential election. It don＇t have enough power of the RMB continues the sharp appreciation. It＇s very difficult to Strong appreciation. The RMB state of sometimes appreciation and sometimes devaluation will often occur.