中美货币政策加速分化，人民币汇率有一定贬值压力

1 2022418 请务必阅读正文之后的免责条款部分 NFR zhouji@nawaa.com Z0017101 mayan@nawaa.com Z0012651 daichaosheng@nawaa.com Z0014822 wangying@nawaa.com Z0016367 100 33PPI550BP550BP20171036.350-6.425 用户548378565于2022-04-18日下载，仅供本人内部使用，不可传播与转载 人民币汇率周报 2 1 ......................................................................................... 3 1.1. .......................................................................................... 3 1.2. ...................................................................................... 4 1.3. 风险提示 ......................................................................................................... 5 2 ................................................................................................ 5 2.1. - ............................................................................. 5 2.2. .............................................................................................. 6 2.3. ..................................................................................................... 7 .............................................................................................. 7 ............................................................................................ 10 ............................................................................................. 11 3 ....................................................................................... 12 3.1. ............................................................................. 12 3.2. ...................................................................... 15 ....................................................................................................... 17 ................................................................................................ 17 ....................................................................................................... 18 .................................................................................................................. 19 .............................................................................................................. 20 ........................................................................................................... 20 免责申明 ...................................................................................................................... 21 用户548378565于2022-04-18日下载，仅供本人内部使用，不可传播与转载 3 人民币汇率周报 请务必阅读正文之后的免责条款部分 1 1.1. 411415CFETSBISSDR41516:30 1.1.1 48 6.3653 6.3896 6.3540 6.3896 0.382% USDCNY 6.3636 6.3713 6.3634 6.3705 0.108% USDCNH 6.3677 6.3816 6.3747 6.3816 0.218% 124.10 126.44 125.23 126.44 1.886% 1.0867 1.0914 1.0815 1.0815 -0.479% 1.3048 1.3130 1.3004 1.3072 0.184% 99.8720 100.4550 99.7210 100.4550 0.584% CFETS 104.87 105.08 0.200% (BIS) 109.38 109.53 0.137% (SDR) 102.97 102.95 -0.019% Bloomberg 100 用户548378565于2022-04-18日下载，仅供本人内部使用，不可传播与转载 人民币汇率周报 4 1.1.1411415 Bloomberg 1.1.2 Bloomberg 1.2. 3CPI8.5%19811.2%CPICPI3PPI550BP550BP94.0095.0096.0097.0098.0099.00100.00101.00102.006.306.326.346.366.386.402021/12/172022/1/172022/2/172022/3/17用户548378565于2022-04-18日下载，仅供本人内部使用，不可传播与转载 5 人民币汇率周报 请务必阅读正文之后的免责条款部分 IMF550BP2017103 6.350-6.425425350BP320206202241510.40%10.61% 1.3. 风险提示 2 2.1. - 415USDCNY6.3896243bp 2.1.1 1 2 243 23 -59 279 144 -173 -1 318 Refinitiv Bloomberg 1Refinitiv 2Refinitiv 用户548378565于2022-04-18日下载，仅供本人内部使用，不可传播与转载 人民币汇率周报 6 2.1.1 Refinitiv Bloomberg 2.2. 415NDF6.4604126bpUSDCNY25Delta1D 2.2.1NDF 2.2.2USDCNY25Delta% Bloomberg Bloomberg (0.150)(0.100)(0.050)0.0000.0500.1000.1502021/12/12022/1/12022/2/12022/3/12022/4/10.000.020.040.060.080.100.120.140.166.296.346.396.446.496.546.596.642022/2/12022/3/12022/4/1NDF1Y-CNHNDF1Y0.000.100.200.300.400.500.600.700.800.901D1M3M6M9M1Y用户548378565于2022-04-18日下载，仅供本人内部使用，不可传播与转载 7 人民币汇率周报 请务必阅读正文之后的免责条款部分 2.3. /22063/2206415 2.3.1CUS 2.3.2CUS Bloomberg Bloomberg 3 220620226 01020304050607080020040060080010001200220522070102030405060700100200300400500600700800900100022052207用户548378565于2022-04-18日下载，仅供本人内部使用，不可传播与转载 人民币汇率周报 8 2.3.3CUS 2.3.4CUS Bloomberg Bloomberg 2.3.5UC 2.3.6UC Bloomberg Bloomberg 12503250525072509250112501325022062209221202040608010012014016018002000400060008000100001200014000160002022/3/12022/4/1220622092212020406080100120140160180200010002000300040005000600070002022/3/12022