On the 8th, the onshore and offshore renminbi both rose above the 6.7 mark against the US dollar, setting a new high since January 2023. Regarding the strengthening of the onshore and offshore RMB, Wang Qing, chief macro analyst at Dongfang Jincheng, analyzed that, first, the US dollar index soared and fell overnight after the effects of the Fed's interest rate hike were released; second, the central price of the RMB has continued to adjust in a strong direction recently. Wang Qing further pointed out that due to recent monetary policy adjustments in major overseas economies, joint intervention in foreign exchange markets between the US and Japan, and fluctuations in the Middle East situation, global foreign exchange market fluctuations have intensified, and the RMB has generally maintained a steady, moderate and strong trend. From an internal perspective, China's external economic and trade environment is currently stable, exports continue to increase rapidly, the domestic macroeconomy maintains a steady and progressive momentum, and the RMB exchange rate is strongly supported.

On the 8th, the onshore and offshore renminbi both rose above the 6.7 mark against the US dollar, setting a new high since January 2023. Regarding the strengthening of the onshore and offshore RMB, Wang Qing, chief macro analyst at Dongfang Jincheng, analyzed that, first, the US dollar index soared and fell overnight after the effects of the Fed's interest rate hike were released; second, the central price of the RMB has continued to adjust in a strong direction recently. Wang Qing further pointed out that due to recent monetary policy adjustments in major overseas economies, joint intervention in foreign exchange markets between the US and Japan, and fluctuations in the Middle East situation, global foreign exchange market fluctuations have intensified, and the RMB has generally maintained a steady, moderate and strong trend. From an internal perspective, China's external economic and trade environment is currently stable, exports continue to increase rapidly, the domestic macroeconomy maintains a steady and progressive momentum, and the RMB exchange rate is strongly supported.