Offshore RMB Falls Below 6.9 Against the US Dollar

Offshore RMB Falls Below 6.9 Against the US Dollar

Recently, the offshore RMB fell below the key level of 6.9 against the US dollar, with a daily decline of 0.1287%. This highlights the US dollar's strength in the global market.

• The US dollar index continues to rise, putting clear pressure on the RMB.
• Market expectations for Fed rate hikes boost demand for the dollar.
• RMB exchange rate fluctuations may impact import and export trade.

Experts advise investors to closely monitor the global economic situation and plan foreign exchange strategies wisely.