Proceedings of the 2025 3rd International Conference on Digital Economy and Management Science (CDEMS 2025)

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The Pre-Response of Macroeconomic News in RMB Exchange Rate

Authors
Yongkang Jin1, *
1School of Economics, Jinan University, Guangzhou, China
*Corresponding author. Email: jyk13059184131@163.com
Corresponding Author
Yongkang Jin
Available Online 26 June 2025.
DOI
10.2991/978-94-6463-770-0_71How to use a DOI?
Keywords
Macroeconomic news; RMB exchange rate; The Pre-Response; Information acquisition
Abstract

Macroeconomic news, as a statistical data of economic indicators regularly published to measure national fundamentals, provides basic information for financial asset prices. Based on the RMB exchange rate data from 2011 to 2023 and the macroeconomic news data of China and the United States, this paper uses the dummy variable regression method to study the market reaction of my country’s foreign exchange market in the window interval before and after the release of macroeconomic news. The results show that there will be significant abnormal returns in the onshore and offshore RMB markets before the announcement of some macroeconomic news, which comes from the information acquisition behavior of market traders, leading to changes in expectations and reflected in foreign exchange prices. When the market state is characterized by a higher level of uncertainty and higher market attention, this effect will be enhanced.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 3rd International Conference on Digital Economy and Management Science (CDEMS 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
26 June 2025
ISBN
978-94-6463-770-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-770-0_71How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yongkang Jin
PY  - 2025
DA  - 2025/06/26
TI  - The Pre-Response of Macroeconomic News in RMB Exchange Rate
BT  - Proceedings of the 2025 3rd International Conference on Digital Economy and Management Science (CDEMS 2025)
PB  - Atlantis Press
SP  - 624
EP  - 628
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-770-0_71
DO  - 10.2991/978-94-6463-770-0_71
ID  - Jin2025
ER  -