The offshore RMB rose above 7.1 against the US dollar and is expected to break through 7 in the future
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最新报道：According to Bijie.com, the offshore RMB (CNY) rose above the 7.1 level against the US dollar this morning, reaching a high of 7.0995, the first such rise since November of last year. The previous day, the onshore RMB closed at 7.1163 against the US dollar, up 65 pips from the previous trading day and reaching a new intraday closing high since November 6 of last year. Economist Pan Helin stated that the key driver of the RMB's current appreciation against the US dollar is the expectation of a Federal Reserve rate cut, and that the RMB is expected to break through the 7 level against the US dollar.
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