The impact of the epidemic is generally controllable. The previous foreign exchange market has a foundation and conditions to maintain stability

The impact of the epidemic is generally controllable. The previous foreign exchange market has a foundation and conditions to maintain stability
Sauna Night News March 7, according to the official website of the State Administration of Foreign Exchange, according to news reports from the State Administration of Foreign Exchange, Wang Chunying, the chief economist, answered reporters’ questions about the changes in the scale of foreign exchange reserves in February 2020.  Q: The State Administration of Foreign Exchange has just released the latest foreign exchange reserve scale data.What is the reason for the change in the scale of foreign exchange reserves in February 2020?What is the future trend of foreign exchange reserves?  A: As of the end of February 2020, the scale of foreign exchange reserves is expected to be 3106.7 billion US dollars, an earlier decline of 1.2 billion US dollars, a decrease of 0.04%.  In February, the foreign exchange market is forecast to be generally stable.In the international financial market, due to the global spread of the New Coronary Pneumonia epidemic, the economic prospects of major countries and the expectations of monetary policy, the dollar index and the bond prices of major countries have increased.Estimated factors such as exchange rate conversion and changes in asset prices are the initial changes in the size of foreign exchange reserves during the month.  In the future, the uncertainties facing the global economy will increase, and the volatility of international financial markets may increase.Although the epidemic has a certain impact on the government’s economic operation, on the whole, the fundamentals of the long-term economic improvement have not changed, and the impact of the epidemic is short-term and generally controllable.The adoption of practical and feasible policies and measures will be effective and the positive factors will continue to accumulate, which will provide strong support for the steady and healthy development of the growing economy.The current foreign exchange market has a foundation and conditions to maintain stable operation, and the scale of foreign exchange reserves is expected to continue to maintain overall stability.Editor Sun Yong