Will sentiment of forex news effect forecast of the RMB exchange rate?: POSTER

The forecast and analysis of the trend of the RMB exchange rate have been deeply explored by many researchers in the financial field, but the combination of public opinion sentiment data and historical market data to forecast the RMB exchange rate in the short term has been studied little. With the rapid development of the Internet, the influence of public opinion sentiment on the economy and society is increasing. Online public opinion sentiment data not only have an impact on stock prices [1] and commodity prices, but also have a significant impact on foreign exchange (Forex) rates. However, the public opinion data are not applied for the RMB exchange rate forecast, because the impact of public events on the exchange rate is ignored. Besides, the lack of exact temporal sliding window of public opinion ignores its timeliness and sensibility.