The RMB exchange rate has reached a new high in over a year, while the upward space for the US dollar is limited

According to Jinshi reports, today the RMB exchange rate refreshed its highest level in over a year, with both onshore and offshore RMB against the US dollar recovering the 7.09 mark. Industry insiders believe that the upward space for the US dollar index is limited, and the RMB trend will remain stable and slightly strong, with seasonal settlement demand in the fourth quarter providing important support for the RMB. Wang Qing, chief macro analyst at Dongfang Jincheng, stated that as the Federal Reserve may continue to cut interest rates, the upward space for the US dollar index is limited, and it is expected that the RMB will be in a slightly strong operating state in the short term.