Today, the RMB exchange rate continues to depreciate. The offshore RMB exchange rate fell below the 7.12 mark and fell more than 350 points during the day; the onshore RMB exchange rate against the US dollar fell more than 300 points. In the morning, the People's Bank of China authorized the China Foreign Exchange Trading Center to announce that the median RMB exchange rate in the interbank foreign exchange market was 7.0830 yuan per US dollar to RMB 7.0830, a depreciation of 107 basis points. Analysts believe that the main reason for this wave of decline in the RMB exchange rate is that the US dollar continues to strengthen. Due to the failure of expectations of the Federal Reserve's drastic interest rate cut, the US dollar rapidly strengthened compared to other currencies, and the US dollar index has erased about two months of decline. Regarding future market fluctuations, analysts believe that the later trend of the RMB exchange rate will depend on the strength of the introduction of subsequent fiscal policies. Based on the analysis of domestic and foreign situations, it is expected that the RMB exchange rate will maintain a volatile trend of two-way fluctuations during the year.

Today, the RMB exchange rate continues to depreciate. The offshore RMB exchange rate fell below the 7.12 mark and fell more than 350 points during the day; the onshore RMB exchange rate against the US dollar fell more than 300 points. In the morning, the People's Bank of China authorized the China Foreign Exchange Trading Center to announce that the median RMB exchange rate in the interbank foreign exchange market was 7.0830 yuan per US dollar to RMB 7.0830, a depreciation of 107 basis points. Analysts believe that the main reason for this wave of decline in the RMB exchange rate is that the US dollar continues to strengthen. Due to the failure of expectations of the Federal Reserve's drastic interest rate cut, the US dollar rapidly strengthened compared to other currencies, and the US dollar index has erased about two months of decline. Regarding future market fluctuations, analysts believe that the later trend of the RMB exchange rate will depend on the strength of the introduction of subsequent fiscal policies. Based on the analysis of domestic and foreign situations, it is expected that the RMB exchange rate will maintain a volatile trend of two-way fluctuations during the year.