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The RMB exchange rate has refreshed to a high point in over a year, while the upward space for the US dollar is limited.
According to Mars Finance news and Jin10 reports, today the Renminbi exchange rate refreshed its highest point in over a year, with both onshore and offshore Renminbi against the US dollar recovering the 7.09 level. Industry insiders believe that the upward space for the US dollar index will be limited, and the Renminbi trend will remain strong but stable, with seasonal exchange settlement demand in the fourth quarter providing important support for the Renminbi. Wang Qing, Chief Macro Analyst at Dongfang Jincheng, stated that as the Fed may continue to cut interest rates, the upward space for the US dollar index will be limited, and it is expected that the Renminbi will be in a strong operating state in the short term.