11:18
The RMB exchange rate has refreshed to a high point in over a year, while the upward space for the US dollar is limited.
ChainCatcher news, according to Jin10 reports, today the RMB Exchange Rate refreshed its high for over a year, with both onshore and offshore RMB against the US dollar recovering above the 7.09 mark. Industry insiders believe that the subsequent upward space for the dollar index is limited, and the RMB trend will be stable with a slight strength. The seasonal Exchange Settlement demand in the fourth quarter will provide important support for the RMB. Wang Qing, Chief Macro Analyst at Dongfang Jincheng, stated that with the Fed possibly continuing to cut interest rates, the upward space for the dollar index is limited, and it is expected that in the short term, the RMB will remain in a slightly strong operating state.

