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RMB rose over 500 points, hit 7 months high | RMB exchange rate | Central Bank _ Sina News



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Original title: RMB rose over 500 points and hit 7 months high

According to CCTV news, on June 20, the RMB on the ground against the US dollar rose by more than 500 basis points per day, the highest increase in nearly 7 months, and intraday trading rose to the sixth biggest barrier 6.9, 6.89, 6.88, 6.87 , 6.86 and 6.85. The biggest hit is 6.8426. The offshore RMB against the US dollar also rose above FIM 6.85, rising by more than 400 basis points a day, rising to three days, raising nearly 800 basis points. With regard to the recent trend of RMB, experts said that the last recovery of the RMB exchange rate is a reasonable response from the market. The improvement of the Chinese economy and the effectiveness of central bank control measures are the basis for RMB's exchange rate stability, and the RMB exchange rate does not have significant short-term depreciation, in particular the Fed's interest rate cut is expected to give the central bank more room to regulate the RMB exchange rate.

Editing Lin Qiq

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