This “breaking 7” is a microcosm of the gradual strengthening of the RMB against the US dollar. Recently, the simultaneous renewal of onshore and offshore exchange rates has also sparked a buzz in the market about whether the RMB will enter a new cycle of appreciation, further affecting households and businesses in need of foreign exchange. This round of RMB exchange rate appreciation is closely related to multiple factors such as the Federal Reserve's policy adjustments, fluctuations in the US dollar index, and the restoration of domestic policy expectations. An authoritative market expert said that there is still great uncertainty about the RMB exchange rate trend. Enterprises and financial institutions should not blindly follow the trend and gamble on exchange rate trends, adhere to the concept of risk neutrality, and do a good job in exchange rate risk management.

This “breaking 7” is a microcosm of the gradual strengthening of the RMB against the US dollar. Recently, the simultaneous renewal of onshore and offshore exchange rates has also sparked a buzz in the market about whether the RMB will enter a new cycle of appreciation, further affecting households and businesses in need of foreign exchange. This round of RMB exchange rate appreciation is closely related to multiple factors such as the Federal Reserve's policy adjustments, fluctuations in the US dollar index, and the restoration of domestic policy expectations. An authoritative market expert said that there is still great uncertainty about the RMB exchange rate trend. Enterprises and financial institutions should not blindly follow the trend and gamble on exchange rate trends, adhere to the concept of risk neutrality, and do a good job in exchange rate risk management.